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Magna forms two JVs with BJEV, to jointly engineer and produce premium smart EVs for customers in China

BAIC Zhenjiang produciton base NANJING, Jiangsu – Magna is bringing its decades of vehicle contract manufacturing experience from Graz, Austria to Zhenjiang, Jiangsu Province. The leading global supplier and brand-independent vehicle contract manufacturer signed the term sheets on June 18 in Nanjing, Jiangsu Province with Beijing Electric Vehicle Co., Ltd. (BJEV), a

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Daimler gets NDRC approval for minority stake in BJEV

BEIJING – Daimler AG has received approval from the National Development and Reform Commission (NDRC) for its planned minority interest in Beijing Electric Vehicle Co., Ltd. (BJEV), the EV subsidiary under Chinese partner BAIC Group, according to a notice posted on the website of NDRC on February 7. The official response

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National New Energy Vehicle Technology Innovation Center established in Beijing

BEIJING – The National New Energy Vehicle Technology Innovation Center was officially established in Beijing on March 1, becoming the second national technology innovation center constructed by the Ministry of Science and Technology (MOST) and the first such center for the auto industry. The Center has an overall goal to

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Gestamp and BHAP establish JV to produce stamping components in China

BEIJING – Spanish supplier Gestamp, a multinational company specialized in the design, development and manufacture of highly engineered metal components, signed a joint venture agreement with Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP), the auto components subsidiary of BAIC Group, China’s fifth largest auto maker, on January 25. The JV will

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BAIC Group and Baidu announce strategic cooperation deal to create “AI+Auto” ecosystem

BEIJING – BAIC Group and Baidu signed a strategic cooperation agreement here in the fields of autonomous driving, internet of vehicles (IoV) and cloud service to jointly create what they call an “AI+Auto” ecosystem on October 13. In the area of autonomous driving, the two partners will aim for the

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