Secures Comprehensive ADAS Procedure Organization

  • Enhances EV platform sharing, car engineering and manufacturing cooperation
  • Provides finish set of ADAS characteristics and exceptional suite of computer software packages
  • Contains initially-to-current market electronic imaging radar technologies

AURORA, Ontario, Jan. 04, 2021 (World NEWSWIRE) —  Magna these days confirmed that it is collaborating with Fisker to develop an Highly developed Driver Help Method (ADAS), which will be applied to the Fisker Ocean SUV that is anticipated to start in late 2022. This new company win demonstrates Magna’s potential to bring scale and performance to the mobility landscape and represents an crucial growth of the EV system sharing, vehicle engineering and production cooperation the two companies announced final Oct.

Magna and Fisker will perform with each other to build marketplace-one of a kind ADAS options and a suite of program offers driven by a scalable domain controller architecture.

In addition to leveraging cameras and ultrasonic sensors, the ADAS package deal incorporates a exceptional and initially-to-industry electronic imaging radar know-how. Co-produced with Austin, Texas-based mostly engineering startup Uhnder, ICON RADARTM is the first electronic imaging single-chip radar solution for the automotive market.

“One of our strategic goals is to go after new enterprise in locations wherever Magna’s one of a kind strengths can be deployed with an edge as opposed to our peers,” reported Swamy Kotagiri, Magna CEO. “Our collaboration with Fisker is a great instance – we can supply a new OEM like Fisker with a versatile and scalable EV system, entire ADAS offer, joint motor vehicle engineering and producing. By participating early and operating closely with this kind of buyers, we can provide immediate commercialization and attain synergies which includes value efficiency, offering additional added benefits to the industry total.”

Fisker and Magna a short while ago concluded the definitive platform agreement and first producing agreement, just two months on from the first framework agreements. The Fisker Ocean will originally be made completely by Magna in Europe.

The Fisker Ocean SUV will use a modified version of a Magna-designed EV platform to ability Fisker’s FM29 platform.

“The means to integrate Fisker-Clever Pilot technologies into the Fisker Ocean SUV from launch is mission-critical for the total method,” claimed Henrik Fisker, Chairman and CEO, Fisker. “The fantastic collaboration amongst the Fisker and Magna engineering groups, currently demonstrated by passing the initial engineering milestone previous November, gave us the self-confidence to function with Magna on these crucial systems for the Ocean.”

TAGS
ADAS, Fisker Ocean SUV, domain controller, radar, cameras

Trader Make contact with
Louis Tonelli, Vice President, Trader Relations
[email protected], (+1) 905.726.7035

MEDIA Speak to
Tracy Fuerst, Vice President, Company Communications & PR
[email protected], (+1) 248.631.7004

ABOUT MAGNA
We are a mobility engineering corporation. We have over 157,000 entrepreneurial-minded workers, 344 producing operations and 93 products progress, engineering and revenue centres in 27 nations. We have total car engineering and contract producing skills, as effectively as item capabilities that contain body, chassis, exteriors, seating, powertrain, lively driver aid, electronics, mechatronics, mirrors, lights and roof programs. Our prevalent shares trade on the Toronto Inventory Exchange (MG) and the New York Stock Exchange (MGA). For further facts about Magna, pay a visit to www.magna.com.

THIS Launch May possibly Incorporate STATEMENTS WHICH Constitute “FORWARD-Seeking STATEMENTS” Beneath Relevant SECURITIES Laws AND ARE Subject TO, AND EXPRESSLY Experienced BY, THE CAUTIONARY DISCLAIMERS THAT ARE Established OUT IN MAGNA’S REGULATORY FILINGS. Make sure you REFER TO MAGNA’S MOST Present-day MANAGEMENT’S Discussion AND Examination OF Effects OF Functions AND Economic Place, Yearly Facts Type AND Annual REPORT ON Type 40-F, AS Changed OR Current BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH Established OUT THE CAUTIONARY DISCLAIMERS, Like THE Risk Elements THAT COULD Lead to Genuine Gatherings TO Differ MATERIALLY FROM All those INDICATED BY This kind of Ahead-Looking STATEMENTS. THESE Paperwork ARE Obtainable FOR Assessment ON MAGNA’S Web page AT  WWW.MAGNA.COM.

A image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94fbd9e9-c288-4248-b762-bbe516cf57f8