Mexican Media Brands
Magna, BAIC Finalize China EV Partnership
Magna International Inc. and China’s BAIC Group (Beijing Automotive Industry Holding Co.) have agreed on a framework for the electric vehicle joint venture they announced last summer.
#hybrid
Share
Magna International Inc. and China’s BAIC Group (Beijing Automotive Industry Holding Co.) have agreed on a framework for the electric vehicle joint venture they announced last summer.
The deal is expected to close in the fourth quarter.
Beijing Electric Vehicle Co. (BJEV) will build jointly developed EVs at an existing BAIC facility in Zhenjiang, starting late next year with the new Arcfox model. The facility, which will be Magna’s first complete manufacturing plant outside of Europe, has capacity to build 180,000 vehicles per year.
In January, the partners opened an engineering center in Zhenjiang. They also broke ground on a test center nearby.
RELATED CONTENT
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Rage Against the Machine
There have been more than 20 reported attacks against Waymo’s self-driving fleet in Chandler, Ariz., since the company began testing the technology on public roads there two years ago.
