Magna (MGA) has secured its first award for a Dedicated Hybrid Drive, DHD, Duo system with a leading Chinese OEM. This recognition underscores Magna’s commitment to innovation and sustainability, as well as the company’s flexible approach to supplying power to wheels. Magna’s DHD Duo system delivers a longitudinal front drive solution featuring an advanced dual e-motor and multi-speed design. The high-powered 800V system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna at the forefront of hybrid technology innovation.
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Read More on MGA:
- Magna International Launches Share Buyback Program
- Magna announces new 10% Normal Course Issuer Bid
- Magna price target lowered to $41 from $42 at RBC Capital
- Magna price target raised to $52 from $50 at Scotiabank
- Magna price target raised to $46 from $44 at Wells Fargo
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