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Magna Unveils DHD REX Hybrid Drive for Enhanced EV Range

globenewswire.com

Magna Unveils DHD REX Hybrid Drive for Enhanced EV Range AURORA, Ontario, March 24, 2026 (GLOBE NEWSWIRE) -- Magna is expanding its dedicated hybrid portfolio with the introduction of DHD REX, a dedicated hybrid drive for range extended electric vehicles (REEVs) engineered to deliver an electric-like driving experience with instant torque response, smooth and quiet operation, and seamless range extension. The ready-to-integrate system is built on a modular, single‑motor architecture that enables automakers to adapt the solution to meet diverse regulatory, infrastructure, and customer requirements across global markets.

As electrification continues to evolve globally, OEMs are increasingly challenged to balance electric-vehicle performance with the need for greater versatility. DHD REX aims to address this need with a proven multi-mode design supporting electric driving, generating mode, and an optional parallel hybrid mode, expanding range capability while maintaining consistent drivability.

“Magna’s approach to electrification is centered on giving our customers flexible pathways forward,” said Diba Ilunga, President Magna Powertrain. “DHD REX reflects our commitment to adaptable, customer‑focused solutions that support a wide range of performance and market expectations.”

A complementary solution to Magna’s DHD Duo, the company’s dual e-motor dedicated hybrid drive already in series production, DHD REX is engineered from the ground up to deliver scalable efficiency and integration flexibility for OEMs operating in diverse regions. Its single-motor packaging reduces system cost and complexity, while enabling smoother, more predictable vehicle behavior across all driving scenarios.

Building on this foundation, DHD REX delivers a set of core technical capabilities that support a wide range of global use cases:

To learn more about DHD REX visit the product page or download the technical paper.

INVESTOR CONTACT

Louis Tonelli, Vice President, Investor Relations

louis.tonelli@magna.com │ 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications & PR

tracy.fuerst@magna.com │ 248.761.7004

ABOUT MAGNA

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.​

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b71cc3cd-592b-4aeb-814d-3bdc1629b696