Magna International Inc. has ended its partnership with Lyft to develop self-driving technology, after nearly two years of collaboration.
Lyft formed a partnership with the global supplier in March 2018 to co-create fully autonomous vehicles. This included a $200 million investment from Magna in the ride-hailing network.
Lyft was developing software for self-driving systems and spearheaded the co-development of the system at its Level 5 Engineering Center in Palo Alto, Calif.
Magna — which traditionally supplies body exteriors and structures, and power and vision technologies — was slated to focus on outfitting the vehicles with self-driving systems, with the goal of eventually manufacturing them at scale.
In the companies' initial announcement, Magna and Lyft expected the technology to be market-ready over the next few years.
In a statement to Automotive News, a Lyft spokeswoman said that the engineering center is better positioned after the two-year partnership with Magna.
"In the coming weeks, we'll phase out our existing co-development partnership but will continue to work with Magna as one of our self-driving suppliers. Lyft remains committed to a two-pronged approach to bring autonomous vehicles to market, through our open platform partnerships and the system being built by the Level 5 Team," the statement said.
Despite ending the Lyft partnership, Magna executives said in a call with investors Thursday, Jan. 16, that future mobility technologies — including advanced driver-assistance systems, electrification and powertrain technologies — are still key areas in which Magna will continue to expand.
"We expect to continue to collaborate in several areas related to autonomous developments, including aspects of hardware development and potential joint opportunities in software and hardware manufacturing," a statement from Magna said Thursday.
Lyft still partners with several automakers and other players in the industry, including Google's self-driving affiliate Waymo.
Partnerships such as Lyft and Magna's have been forming in recent years as Tier 1 suppliers navigate their roles in the development of self-driving vehicle technology.