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Benzinga

Shivani Kumaresan

Magna's All-Electric Powertrain To Debut In 2022

Magna International Inc’s (NYSE:MGA) all-electric connected powertrain, the EtellingentReach, is set to debut on a new entrant vehicle in 2022.
The system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics.
eDrive technology advancements in the EtelligentReach achieve a range increase of up to 145 km/90 miles or 30% compared to certain production BEV vehicles in the segment.
The company will be showcasing the innovations at its booth in the West Hall at CES 2022.
Price Action: MGA shares are trading lower by 1.65% at $78.52 on the last check Monday.

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