- Manufactured in Magna’s state-of-the-art facility in St. Clair, Michigan
- New Chevrolet Silverado EV business adds to existing battery enclosure production for GMC Hummer EV
- Production will start later in 2023
AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) — Magna today announced that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces battery enclosures for the GMC HUMMER EV. Magna recently made an important announcement investment plans to support for the facility in St. Clair Fast growing electric vehicle market, Production is expected to begin later in 2023.
“The rapid shift toward vehicle electrification opens up exciting growth opportunities for Magna beyond powertrains,” said John O’Hara, president of Magna’s body and chassis group. “We have been able to leverage our expertise to supply battery enclosures – a product for which we see strong potential. We have our eyes on the future and are proud to play such an important role in GM’s next generation of electric trucks. Is.
The battery enclosure, which all battery electric vehicles require, houses the high-voltage battery, electrical components, sensors, and connectors. They contribute to the structural and safety aspects of the vehicle frame and protect critical battery components from potential impact, heat and water ingress. Magna can develop these advanced assemblies in steel, aluminum and multi-material configurations, including lightweight composites, to meet the individual needs of its customers.
Magna Electric Vehicle Structures, first slated to open in 2021, is currently pursuing a 740,000-square-foot expansion at its existing facility in St. Clair. The company is recruiting for various positions including managers, engineers, operators and others. Those interested in applying please visit http://www.magna.com/careers,
tag
gm chevrolet silverado, electrification, battery enclosure, body and chassis
investor relations
Louis Tonelli, Vice President, Investor Relations
[email protected]905-726-7035
media Contact
Tracey Fuerst, Vice President, Corporate Communications & PR
[email protected]248-761-7004
About Magna
Magna is one of the world’s largest suppliers in the automotive sector. We are a mobility technology company with a global, entrepreneurial-minded team of 168,000 employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of a vehicle, we’re poised to support forward-looking mobility in a changing industry. Our global network includes 343 manufacturing operations and 88 product development, engineering and sales centers spread across 29 countries.
For more information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com Or follow us on social.
This release may contain statements that constitute “forward-looking statements” under applicable securities law and which are subject to, and are expressly qualified by, cautionary disclaimers set forth in Magna’s regulatory filings. Please refer to Magna’s most current management’s discussion and analysis of results of operations and financial condition, Annual Information Form and Annual Report on Form 40-F, as replaced or updated by any subsequent regulatory filings of Magna , which excludes the claimant. Risk factors that could cause actual events to differ from those indicated by such forward-looking statements. These documents are available for review on Magna’s website. WWW.magna.com,
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