Magna (MGA) announced that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV. Magna recently announced significant investment plans for the facility in St. Clair to support the fast-growing electric vehicle market. Production is expected to begin later in 2023. "The accelerating shift toward vehicle electrification opens up exciting growth opportunities for Magna beyond powertrain," said John O’Hara, President of Magna’s body and chassis group. "We have been able to leverage our expertise to supply battery enclosures – a product for which we see strong potential going forward. We have our eye on the future and are proud to play such a critical role in GM’s next generation of electric trucks."
Published first on TheFly
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