ºÚÁÏÕýÄÜÁ¿

• Full range of innovative sustainable vehicle systems on display
  ?
• ºÚÁÏÕýÄÜÁ¿ exhibit located at IAA Hall B3, Booth C60
  ?
• The?Power of ºÚÁÏÕýÄÜÁ¿ to be on full display at IAA in Munich

Click here for the PDF version of the release

SAILAUF, Germany, Sept. 01, 2021 (GLOBE NEWSWIRE) -- ºÚÁÏÕýÄÜÁ¿¡¯s commitment to delivering innovative products and systems that also create a better world?for?tomorrow will be?on?full?display?at the IAA 2021 Mobility Show.?The show,?in?its new home in?Munich,?provides?the ideal forum?for?sharing?the company¡¯s?product portfolio, new innovations?and?future vision.?Attendees of the show can visit?ºÚÁÏÕýÄÜÁ¿ in?Hall B3, Booth C60?to learn more about what?sets?the company?apart from others?in the industry.?

¡°Our?full-system?vehicle?capability,?overall?product expertise and comprehensive vehicle?knowledge?demonstrate?The Power of?ºÚÁÏÕýÄÜÁ¿,?which is?a real differentiator in this high-tech, complex industry,¡±?said?Eric Wilds,?Chief Sales and Marketing?Officer?of?ºÚÁÏÕýÄÜÁ¿ International.?¡°It¡¯s why we are?an?industry leader?when it comes to?helping advance mobility for everyone and everything.¡±

New regulatory?requirements,?advances in automotive technologies?and?new business models?are?driving changes in the industry like?never before.?ºÚÁÏÕýÄÜÁ¿?is in a unique position to?support automakers during this transformative time.?

The company?will be displaying its?eDrive?technologies which allow vehicles to maximize performance, proving that an exceptional driving experience doesn¡¯t have to come at the expense of the planet or sustainability.?Visitors of IAA?will be able to see?the , which will be launched in a completely new production vehicle in 2022. Through an intelligent electrified powertrain the system offers an extended range of up to 145 km/90 miles while excelling in any driving situation, a key aspect in the growing electrification space.

Visitors can also experience ºÚÁÏÕýÄÜÁ¿¡¯s connected PHEV powertrain solution, the , which reduces greenhouse gas emissions by 38 % and provides outstanding drivability in purely electric driving, and its powertrain featuring the ºÚÁÏÕýÄÜÁ¿ eBeam? technology, one of the first outcomes from its Joint Venture partnership with LG Electronics.

The company will also highlight?ADAS technologies like?its?industry-first?digital radar?which?enhances a vehicle's ability to "see" its surroundings and detect potential hazards - from a?stalled?vehicle?in a?dark tunnel to a pedestrian up to 150 meters away. The , set to launch in 2022,?dramatically improves performance over today¡¯s analog radar, bringing it to levels which have not yet been experienced in automotive applications.?In combination with?ºÚÁÏÕýÄÜÁ¿¡¯s?expertise in?cameras, sensors,?solid-state lidar and domain controllers,?ºÚÁÏÕýÄÜÁ¿ can?seamlessly integrate these technologies,?providing?a full-system approach to automakers.

With its comprehensive portfolio,?ºÚÁÏÕýÄÜÁ¿?can?rethink the possibilities across the entire vehicle. This includes the?creation of a?battery enclosure which contributes to the structural and safety aspects of?an electric?vehicle, while protecting high-voltage batteries from damage and water.?Lighting technologies such as?the which contributes?to design?flexibility?and energy saving.?Reconfigurable?seating concepts?allow?for?vehicle cabins to be reshaped and reimagined?for various levels of autonomy.??

IAA virtual?visitors and?onsite?guests can get?ongoing?ºÚÁÏÕýÄÜÁ¿?updates?at ?through its social media channels?on?,??and??or?follow?the ºÚÁÏÕýÄÜÁ¿ IAA livestream on?.??

TAGS
IAA MOBILITY 2021 Munich, new mobility, sustainability, ºÚÁÏÕýÄÜÁ¿ IAA

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
, +1 (905) 726 7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications and PR
, +1?(248)?761 7004

ABOUT MAGNA
ºÚÁÏÕýÄÜÁ¿ is more than one of the world¡¯s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 347 manufacturing operations and 84 product development, engineering and sales centers spanning 28 countries.

For further information about ºÚÁÏÕýÄÜÁ¿ [(NYSE: MGA; TSX: MG)], please visit or follow us on Twitter @ºÚÁÏÕýÄÜÁ¿Int.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE ¡°FORWARD-LOOKING STATEMENTS¡± UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA¡¯S REGULATORY FILINGS. PLEASE REFER TO MAGNA¡¯S MOST CURRENT MANAGEMENT¡¯S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA¡¯S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA¡¯S WEBSITE AT .

?

?

Source: ºÚÁÏÕýÄÜÁ¿.