Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
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Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM, highlighting its commitment to innovation and sustainability in hybrid solutions.
November 19, 2024 | 1:15 pm
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Magna has been awarded its first Dedicated Hybrid Drive Duo system contract with a leading Chinese OEM, marking a significant milestone in its hybrid innovation efforts.
The award of the Dedicated Hybrid Drive Duo system to Magna by a leading Chinese OEM is a significant achievement, indicating strong demand for its hybrid solutions. This could positively impact Magna's stock price as it demonstrates the company's innovation and ability to secure important contracts in the growing hybrid market.
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