GlobeNewswire Inc | Sep 1, 2021 09:23AM EDT

September 01, 2021

-- Full range of innovative sustainable vehicle systems on display -- Magna exhibit located at IAA Hall B3, Booth C60 -- ThePower of Magna to be on full display at IAA in Munich

SAILAUF, Germany, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Magnas commitment to delivering innovative products and systems that also create a better worldfortomorrow will beonfulldisplayat the IAA 2021 Mobility Show.The show,inits new home inMunich,providesthe ideal forumforsharingthe companysproduct portfolio, new innovationsandfuture vision.Attendees of the show can visitMagna inHall B3, Booth C60to learn more about whatsetsthe companyapart from othersin the industry.

Ourfull-systemvehiclecapability,overallproduct expertise and comprehensive vehicleknowledgedemonstrateThe Power ofMagna,which isa real differentiator in this high-tech, complex industry,saidEric Wilds,Chief Sales and MarketingOfficerofMagna International.Its why we areanindustry leaderwhen it comes tohelping advance mobility for everyone and everything.

New regulatoryrequirements,advances in automotive technologiesandnew business modelsaredriving changes in the industry likenever before.Magnais in a unique position tosupport automakers during this transformative time.

The companywill be displaying itseDrivetechnologies which allow vehicles to maximize performance, proving that an exceptional driving experience doesnt have to come at the expense of the planet or sustainability.Visitors of IAAwill be able to seethe Magna Etelligent Reachpowertrain system, which will be launched in a completely new production vehicle in 2022. Through an intelligent electrified powertrain the system offers an extended range of up to 145 km/90 miles while excelling in any driving situation, a key aspect in the growing electrification space.

Visitors can also experience Magnas connected PHEV powertrain solution, the Magna Etelligent Eco, which reduces greenhouse gas emissions by 38 % and provides outstanding drivability in purely electric driving, and its Etelligent Force powertrain featuring the Magna eBeam technology, one of the first outcomes from its Joint Venture partnership with LG Electronics.

The company will also highlightADAS technologies likeitsindustry-firstdigital radarwhichenhances a vehicle's ability to "see" its surroundings and detect potential hazards - from astalledvehiclein adark tunnel to a pedestrian up to 150 meters away. The Magna ICONDigital Radar, set to launch in 2022,dramatically improves performance over todays analog radar, bringing it to levels which have not yet been experienced in automotive applications.In combination withMagnasexpertise incameras, sensors,solid-state lidar and domain controllers,Magna canseamlessly integrate these technologies,providinga full-system approach to automakers.

With its comprehensive portfolio,Magnacanrethink the possibilities across the entire vehicle. This includes thecreation of abattery enclosure which contributes to the structural and safety aspects ofan electricvehicle, while protecting high-voltage batteries from damage and water.Lighting technologies such asthe Magna Flecsformwhich contributesto designflexibilityand energy saving.Reconfigurableseating conceptsallowforvehicle cabins to be reshaped and reimaginedfor various levels of autonomy.

IAA virtualvisitors andonsiteguests can getongoingMagnaupdatesat magna.com/IAA2021through its social media channelsonFacebook,LinkedInandTwitterorfollowthe Magna IAA livestream onYouTube.

TAGSIAA MOBILITY 2021 Munich, new mobility, sustainability, Magna IAA

INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com, +1 (905) 726 7035

MEDIA CONTACT Tracy Fuerst, Vice President, Corporate Communications and PRtracy.fuerst@magna.com, +1(248)761 7004

ABOUT MAGNAMagna is more than one of the worlds largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ 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 347 manufacturing operations and 84 product development, engineering and sales centers spanning 28 countries.

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

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 MAGNAS REGULATORY FILINGS. PLEASE REFER TO MAGNAS MOST CURRENT MANAGEMENTS 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 MAGNAS 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 MAGNAS WEBSITE AT WWW.MAGNA.COM.

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