News Release - Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles

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Collaboration in Southeastern Michigan to Make First Deployment in Downtown Detroit Possible

ANN ARBOR, Mich., June 13, 2018 -- Getting around in crowded city streets of America is about to get a little easier.  May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has partnered with Magna (NYSE:MGA), a mobility technology company and one of the world's largest automotive suppliers, to retrofit and scale up May Mobility's unique fleet of self-driving shuttles set to enter the US market.

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This partnership is an industry-first, with Magna retrofitting low-speed self-driving micro transit electric vehicles from the chassis up. The initial fleet of vehicles will debut on June 26, 2018 with May Mobility's first commercial deployment which will take place in Detroit, Michigan.

"Magna is pleased to work with a company like May Mobility to help support new mobility in city centers," said Swamy Kotagiri, Magna Chief Technology Officer. "This project demonstrates our complete vehicle and technical expertise which supports both existing automakers and new companies entering the automotive space."

Magna will work on the vehicles in its Troy, Michigan-based custom build center, with May Mobility engineers collaborating on the development from its Ann Arbor headquarters. Starting with existing stock vehicles, the new partnership will create a number of street-ready self-driving electric shuttles designed by May Mobility and assembled by Magna that can scale in volume to hundreds, and eventually thousands of shuttles as market demands increase. Inside the Magna facility, its team of experts is doing a full rebuild for May Mobility's self-driving shuttle, including:

  • Body modifications such as custom doors and a panoramic moonroof
  • Drive-by-Wire Upfitting to convert the vehicles into an autonomous-ready state
  • Sensor integration, including mounting, cabling, and streamlined cowlings

May Mobility will continue to further retrofit the vehicles with its proprietary technology stack, bringing safer and more reliable self-driving vehicles to complex urban and residential environments.

"Magna shares our high technical standards and excitement about servicing the growing demand for self-driving vehicles to meet today's transportation needs, while also laying the path for the future," said Steve Vozar, founder and CTO for May Mobility. "This deal demonstrates our commitment to scale and accelerate operations with a partner who understands quality and reliability in the build process, and who can match the exacting process that makes us a trusted community partner."

May Mobility's distinct approach – partnering with developers, urban planners and municipalities to understand their needs and design solutions – establishes May Mobility as the trusted autonomous vehicle partner, both in communities and across the industry. The company intends to offer on-demand services by 2019 and expand its suite of vehicles and services based on customer demand.

For more information about May Mobility's products, technology, or career opportunities, visit http://maymobility.com/.

About Magna

Magna has more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. Magna is a technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Its competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions.  The company's common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA).  For further information about Magna, visit www.magna.com.

About May Mobility

May Mobility builds mobility systems using unique self-driving technology, and are deploying that technology today in the best early market: shuttles in urban cores. We bring communities closer together today, with fleets of self-driving shuttles that make short distance travel safe, personal, and effortless. May's founders bring unparalleled expertise in academia, innovation and the auto industry, counting University of Michigan's APRIL lab, MIT, the DARPA Urban Challenge, Ford, GM, GM Ventures, and Toyota among recent experience. Their goal is to realize a world where self-driving mobility systems will reduce the need for individual car ownership, encourage better land use and foster more vibrant, livable communities. The company's investors include BMW i Ventures, Toyota AI Ventures, Detroit Venture Partners, Maven Ventures, SV Angel, Tandem Ventures, Trucks Ventures, and YCombinator. For more information, visit maymobility.com.

MAGNA INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035

MAGNA MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, 248.631.5396

MAY MOBILY MEDIA CONTACT
Jennifer Parson
jennifer@thekeypr.com

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