Mr. Louis Tonelli reports

MAGNA SECURES 800V EDRIVE PROGRAM AWARD WITH CHERY

Magna International Inc. has secured an 800-volt electric drive (eDrive) program award with Chery, marking a key milestone in the company's advanced electrification strategy in China. The program will be produced at Magna's new Wuhu facility, reinforcing the company's ability to bring next generation electric drive technologies into localized production for leading Chinese OEMs (original equipment manufacturers).

• New 250-kilowatt 800-volt two-speed eDrive program award highlights Magna's advanced electrification capabilities;
• Program to be produced at Magna's new Wuhu facility, supporting localized execution in China;
• Momentum continues with dedicated hybrid drive system now in series production with Chery on the Jetour G700.

The awarded 250 kW 800 V two-speed eDrive system is engineered to deliver high performance, efficiency and scalability through a compact, integrated design. Built on Magna's modular electrification portfolio, the system supports a wide range of battery electric vehicle applications while enabling flexible integration across global platforms. Its advanced architecture is designed to optimize power density, improve energy efficiency and enhance overall driving performance.

"Magna's strength lies in our ability to support customers across propulsion technologies and regions," said Diba Ilunga, president of Magna Powertrain. "This new 800 V eDrive award with Chery reflects how we support OEMs as they move forward, whether through electric, hybrid or mixed technology strategies, while delivering the performance, efficiency and scalability today's markets demand."

The new eDrive program builds on Magna's growing momentum in China, including the start of production of its DHD Duo dedicated hybrid drive system with Chery on the Jetour G700. First announced in 2024, the DHD Duo program has now reached series production, highlighting Magna's ability to industrialize complex high voltage propulsion systems quickly and at scale.

Together, these milestones demonstrate Magna's ability to deliver across the full spectrum of electrification, combining advanced product development, localized manufacturing and proven execution to support the continued growth of its customers in China and globally.

About Magna International Inc.

Magna is one of the world's largest automotive suppliers and a trusted partner to automakers in the industry's most critical markets -- North America, Europe and China. With a global team and footprint spanning 28 countries, the company brings unmatched scale, trusted reliability and proven execution. Backed by nearly seven decades of experience, the company combines deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.

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