Magna Secures 800V eDrive Program Award With Chery

* New 250kW 800V 2-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 AURORA, Ontario, July 28, 2026 (GLOBE NEWSWIRE) -- Magna today announced it 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.

The awarded 250kW 800V 2-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.