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AURORA, Ontario, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Today, at the North American International Auto Show in Detroit, Mich., Magna revealed how it is leveraging its expertise in automotive electrification and autonomy to develop new mobility business opportunities. The company has successfully developed and is piloting a novel “last mile” delivery solution for urban environments.
The solution integrates a:
With the goal of significantly reducing last mile delivery costs and carbon emissions in cities, the Magna new mobility team built a “full-stack” solution, from the ground up, leveraging hardware and software from our automotive products. Magna’s solution enables retailers and other stakeholders to offer end-to-end last mile delivery across a range of potential business models.
The Magna-developed robot was launched on a pilot basis with a pizza restaurant in the Detroit area in March 2022. Since then, it has delivered hundreds of pizzas to residential and commercial locations near the restaurant. Magna is using data and consumer feedback to refine the service.
Magna’s robot can travel at speeds of up to 20 mph on public streets and the Magna-developed low-speed autonomous driving system uses cameras, radar, LIDAR and other hardware.
“Expanding into the growing world of new mobility is a key part of our ‘Go Forward’ strategy that takes Magna beyond its existing technical strength in automotive and vehicle systems, and into entirely new markets and business models,” said Matteo Del Sorbo, Executive Vice President, Magna International and Global Lead for Magna New Mobility. “The next phase in this pilot program is to apply our learnings to further refine the solution for a broader range of applications and use cases, scale, and unlocking innovative new business models.”
This development and pilot program follows two additional new mobility announcements recently made by Magna:
“Our expertise lies in the ability to design, engineer and scale at higher volumes. Additionally, we want to explore opportunities to generate additional revenue streams,” Del Sorbo adds. “These moves allow us to enter a space where we could offer mobility as a service, not just a point-of-sale product.”
TAGS
New Mobility, Automated Delivery, Last Mile Delivery, NAIAS, Yulu Mobility, Cartken
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 more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of over 161,000 employees and an organizational structure designed to innovate like a startup. With 65+ 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 341 manufacturing operations and 89 product development, engineering and sales centres spanning 28 countries.
For further information about Magna [(NYSE:MGA; TSX:MG)], please visit www.magna.com or follow us on Twitter @MagnaInt.
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