Magna forms electric vehicle joint venture

Magna International and the Stronach Trust have created Magna E-Car Systems and opened a new hybrid- and electric-vehicle system development center in Michigan

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Magna E-Car Systems, a recently formed joint venture between Magna International and the Stronach Trust, announced on Sept. 20 the grand opening of its latest facility, a new hybrid- and electric-vehicle system development center and state-of-the-art battery/materials testing facility in Auburn Hills, Mich., USA.

The 82,000-ft²/7,618m² facility employs 200 people to work on new electric-vehicle designs as well as cells and battery packs, hybrid- and electric-vehicle components, and complete hybrid- and electric-vehicle systems. 

Including Auburn Hills, Magna E-Car Systems has four facilities throughout North America and three facilities in Europe working on several programs, including the Ford Focus Battery Electric Vehicle, a Volvo hybrid program and powertrain controllers for General Motors. 

"It is with great pride that we at Magna E-Car Systems, together with our many supporters and collaborators from government and private industry, are able to officially unveil this modern facility today," said Ted Robertson, president North America, Magna E-Car Systems. "Magna E-Car Systems has a full range of industry-leading capabilities and this facility represents an important step forward as we work to develop effective, innovative solutions for future mobility."

Under the terms of the Magna E-Car joint venture, Magna indirectly holds a 73 percent equity interest and the Stronach Trust indirectly holds a 27 percent equity interest in the new vehicle electrification joint venture.