Magna International Inc. is a leading Tier One supplier that serves automakers around the world. The $38 billion Canadian company produces a broad portfolio of products that include advanced driver assistance systems, body and chassis structures, electronics, exterior mirrors, front-end modules, mechatronics, power train components and seating. Through its Magna Steyr division in Graz, Austria, it’s also the largest contract manufacturer in the auto industry.
Recently, Magna has become a major force behind electric vehicles, producing a variety of axles, drives, inverters, motors and other components. For instance, its new eDS Mid is a compact, high-speed e-motor that offers a scalable power range from 100 to 140 kilowatts, optimized for 800 volts for electric all-wheel drive applications.