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] - The partnership has resulted in the production of over 500,000 off-road vehicles since 1979, showcasing the strength of their collaboration [2] - Magna's recent introduction of the eDS Duo electric drive system marks a significant advancement in their partnership, enhancing the performance and efficiency of Mercedes-Benz's iconic off-roader [3][4] Company Overview - Magna is recognized as one of the largest automotive suppliers globally, with a workforce of over 175,000 employees and operations in 28 countries [6] - The company has over 65 years of experience in the automotive industry, positioning itself as a mobility technology innovator [6] Product Development - The eDS Duo features a 2-speed, dual e-motor drive with a power range of up to 240 kW, offering advanced traction and off-road capabilities [4] - This electric drive system includes innovative technologies such as silicon carbide and decoupling technology, ensuring high efficiency and performance [4][10]