Concept Bikes & Bike Innovation - for better or worse

we assume that electronic magnets will control the speed of rebound and compression using either science, magic or a combination of the two.

With magnets acting as the “spring” Canyon’s designers then turned their attention to simplifying the linkage. Their solution is to have as few pivot points as possible and instead rely on flex built into the carbon rear end.

Not an engineer but this doesn't make sense to me. Surely the unpivoted carbon rear end is itself the spring, and the magnets are dampers?