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Magna to develop new smart EV architecture for BAIC Group

BEIJING – Magna and BAIC Group has signed a deal in which the two companies will jointly develop next-generation smart electric vehicle architecture for the Chinese market.

The agreement was signed on April 8 in Beijing between Günther Apfalter, president of Magna Europe and Magna Steyr, and Xu Heyi, chairman of BAIC Group. It is part of several bilateral cooperation agreements between China and Austria during Austrian President Alexander Van der Bellen’s State Visit.

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