Magna (TSX: MG; NYSE: MGA) said today that it has secured an 800-volt electric drive (eDrive) program award with Chery, advancing the Canadian parts supplier advanced electrification strategy in China. The program will be produced at Magna’s new Wuhu facility bringing what is inarguably state of the art electric drive technologies into localized production for leading Chinese OEMs. Unlike U.S. based suppliers and automakers, Magna operates relatively unfettered by its government policies in stark contrast to King Trump’s latest threatened 50% tariff tirade against Canadian goods, which will hurt U.S. automakers and suppliers.

“Magna’s strength lies in our ability to support customers across propulsion technologies and regions,” said Diba Ilunga, President Magna Powertrain. “This new 800V eDrive award with Chery reflects how we support OEMs as they move forward, whether through electric, hybrid or mixed technology strategies, while delivering the performance, efficiency and scalability today’s markets demand.”