Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV
February 13 2023 - 7:30AM
Magna announced today 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 the battery enclosure for the
GMC HUMMER EV. Magna recently announced significant investment
plans for the facility in St. Clair to support the fast-growing
electric vehicle market. Production is expected to begin later in
2023.
“The accelerating shift toward vehicle electrification opens up
exciting growth opportunities for Magna beyond powertrain,” 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 going forward. We have
our eye on the future and are proud to play such a critical role in
GM’s next generation of electric trucks.”
Battery enclosures, which all battery electric vehicles require,
house high-voltage batteries, electrical components, sensors, and
connectors. They contribute to the structural and safety aspects of
a vehicle’s frame and protect critical battery components from
potential impact, heat and water intrusion. 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, which first opened in 2021,
is currently adding a 740,000 square-foot expansion to its existing
facility in St. Clair. The company is hiring for various positions
including managers, engineers, operators, and more. Those
interested in applying, please visit
http://www.magna.com/careers.
TAGSGM Chevrolet Silverado, Electrification, Battery Enclosures,
Body and Chassis
INVESTOR CONTACTLouis Tonelli, Vice-President, Investor
Relations louis.tonelli@magna.com, 905-726-7035
MEDIA CONTACTTracy Fuerst, Vice President, Corporate
Communications & PRtracy.fuerst@magna.com, 248-761-7004
ABOUT MAGNAMagna 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 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 the vehicle, we are positioned to support advancing
mobility in a transforming industry. Our global network includes
343 manufacturing operations and 88 product development,
engineering and sales centres spanning 29 countries.
For further information about Magna (NYSE:MGA; TSX:MG), please
visit www.magna.com or follow us on social.
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