Magna E-Car Systems, a newly formed joint venture between Magna International and the Stronach Trust, announced the grand opening of a new hybrid- and electric-vehicle system development center and state-of-the-art battery/materials testing facility in Auburn Hills, Michigan.
The 82,000-square-foot facility is the site of work on new electric-vehicle designs as well as cells and battery packs, hybrid- and electric-vehicle components, and complete hybrid- and electric-vehicle systems.
Including Auburn Hills, Magna E-Car Systems has four facilities throughout North America and three facilities in Europe working on several programs, including the Ford Focus Battery Electric Vehicle, a Volvo hybrid program and powertrain controllers for General Motors.
In August 2009 Magna was selected to receive funding from the American Reinvestment and Recovery Act of 2009 to support electric-drive vehicle components manufacturing. The grant was part of the $2.4 billion in Recovery Act funding announced by the Department of Energy.
Effective 31 August 2010, Magna International spun-off its E-Car Systems operating unit and established a new joint venture with the Stronach Trust to jointly continue to pursue opportunities in the vehicle electrification business. Under the terms of the Magna E-Car joint venture, Magna indirectly holds a 73% equity interest and the Stronach Trust indirectly holds a 27% equity interest in the new vehicle electrification joint venture.