Mr. Bill Snider reports

MAGNA ENHANCES ADAS CAPABILITIES BY JOINING 5G INNOVATION PROGRAM

Magna International Inc. is enhancing its automated driving capabilities by joining NorthStar -- Telia Sweden and Ericsson's 5G innovation program for industrial enterprises. As part of the agreement, Telia and Ericsson have built a dedicated, private 5G network at Magna's test track located in Vargarda, Sweden, where new cutting-edge advanced driver assistance system (ADAS) solutions in vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) connectivity are being trialled.

As part of NorthStar, Magna will have access to 5G millimetre-wave (mmWave) technology, enabling low-latency gigabit speeds and seamless connectivity for new ADAS trials. Additionally, the use of mmWave technology enables continuing research into joint sensing and communication systems.

"By utilizing the latest advancements in mobile networks, we are able to accelerate the automotive domain by offering sensor enhancements and as a result offer more capable and competitive ADAS products," said Bill Snider, president of electronics.

"Our focus is not only on meeting challenging technical requirements, but also on developing products that can help anticipate critical situations to prevent accidents, ultimately making the roads safer for all."

Magna's test track will feature the 5G network, delivering gigabits data speeds and ultralow latency. Leveraging the 26-gigahertz frequency band and 400-megahertz bandwidth, this network is crucial for Magna's driving automation and driver support systems, which rely on real-time data from vehicle sensors. Fast network speeds and quick response times are essential for timely alerts to drivers, preventing accidents and minimizing their impact.

NorthStar's 5G network is powered by Ericsson dual-mode 5G Core, which connects to Telia's existing public 5G network. This interconnectivity will enable Magna to benefit from high-speed connectivity across large geographical areas.

"As an industry leader in ADAS technologies, Magna is exactly the kind of company we envisioned joining us when we started the NorthStar program," said Magnus Leonhardt, head of innovation and strategy at Telia Sweden's enterprise business unit. "The solutions they develop are based on the premise that vehicles and road users can share data in near real time. To achieve that requires ultrafast and reliable connectivity that you can trust, and that is precisely what 5G has been developed for. This is a great opportunity to really push the boundaries of 5G and the millimetre-wave technology."

Magna's ADAS technology supports driver safety by effectively reducing the risk of serious accidents or preventing them altogether by controlling steering, brakes and acceleration. By integrating the driver's needs and environment, Magna creates an exceptional driving experience. These advanced technologies pave the way for future autonomous driving and new mobility solutions.

"We are thrilled to have Magna joining NorthStar and to continue to put the power of 5G in the hands of global leaders within the automotive industry. Ericsson's 5G mmWave technology enables a broad set of use cases with its low latency and very high speeds that will be key for new time-sensitive safety applications," said Nora Wahby, head of Northern and Central Europe, at Ericsson.

About Magna International Inc.

Magna is more than one of the world's largest suppliers in the automotive space. It is a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 181,000 employees across 344 manufacturing operations and 104 product development, engineering and sales centres spanning 29 countries. With over 65 years of expertise, Magna's ecosystem of interconnected products combined with its complete vehicle expertise uniquely positions it to advance mobility in an expanded transportation landscape.

We seek Safe Harbor.