Mexican Media Brands
Magna Partners with BAIC to Make EVs in China
Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.
#hybrid
Share
Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.
The partnerships will be responsible for the engineering and production of upcoming EVs, which will be assembled at an existing BAIC Group manufacturing facility in Zhenjiang, Jiangsu. The plant has the capacity to build 180,000 vehicles per year. BAIC owns BJEV, which is China’s largest EV producer.
Earlier this year Magna and BAIC announced plans to jointly develop an EV platform for China. The partners say the new joint ventures also could provide engineering and/or production services to other carmakers. Magna has produced vehicles on a contract basis for carmakers for more than 20 years through its Magna Steyr facility in Graz, Austria.
BAIC plans to phase out its own conventional and hybrid models in favor of all-electric vehicles by 2025. Last July, the Chinese carmaker also agreed to spend 5 billion yuan ($735 million) with partner Daimler AG to make Mercedes-Benz electrified vehicles in China.
RELATED CONTENT
-
2019 Honda Insight
One of the things that rarely gets the amount of attention that it should in a typical “car review” is the fact that for a considerable amount of time drivers are not “getting on the throttle” because for a considerable number of drivers, they’re “dwelling on the binders,” a.k.a., sitting with their foot depressed on the brakes, perhaps lifting every now and then in order to nudge forward in traffic.
-
Engineering the 2019 Jeep Cherokee
The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.