Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Core Insights - Magna has maintained a long-term strategic partnership with Mercedes-Benz, focusing on innovation across various vehicle components and systems [1][2][8] - The partnership has resulted in the production of over 500,000 off-road vehicles since 1979, showcasing the strength and longevity of their collaboration [2] Partnership and Innovation - The collaboration emphasizes the importance of strong customer partnerships in driving innovation within the automotive industry [2] - Magna's recent production of the eDS Duo electric drive system marks a significant advancement in their partnership, particularly for the new electric model of Mercedes-Benz's iconic off-roader [3][4] Product Development - The eDS Duo features a 2-speed, dual e-motor drive with a power range of up to 240 kW, offering enhanced traction and off-road capabilities [4] - This system includes advanced technologies such as silicon carbide and decoupling technology, which contribute to its high efficiency and performance [4] Company Overview - Magna is recognized as one of the largest automotive suppliers globally, with over 175,000 employees and operations in 28 countries [6] - The company has over 65 years of experience in the automotive sector, positioning it uniquely to advance mobility solutions [6]