News Release - Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China
- JV to have capacity of up to 180,000 vehicles per year
- First production of electric vehicles planned to be launched in late 2020
- Capability to offer EV contract manufacturing services to other potential customers
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This joint venture, which is to be controlled by an affiliate of the
“Magna has proven experience building complete vehicles for customers,” said
“BAIC’s long-term strategy, an open and sharing philosophy, and a collaborative and innovative mindset leads us toward the top partners like Magna,” General Manager of BAIC Group Mr.
The first production of electric vehicles, BJEV’s ARCFOX models, is expected for launch in late 2020. The joint venture will also be capable of offering EV contract manufacturing services to other potential customers.
Electric vehicle, contract manufacturing, joint venture, BAIC, BJEV
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We are a mobility technology company. We have more than 169,000 entrepreneurial-minded employees and 338 manufacturing operations and 89 product development, engineering and sales centres in 28 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems. Magna also has electronic and software capabilities across many of these areas. Our common shares trade on the
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