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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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Magna JV with GAC Group to produce composite liftgates for major global automaker by yearend

SHANGHAI – Magna announced on April 2 that it has entered into a joint venture with GAC Component Co., Ltd. (GACC), a subsidiary of GAC Group, China’s sixth largest automaker, to begin production of composite liftgates for a global automaker’s crossover vehicle starting in late 2018. The JV will work out

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Raising the bar: Magna’s 4D ICON Radar production expected in China, Europe and N.A. in 2020

DETROIT – Rather than just having another “me too” radar, Magna’s goal was to see if it could have a step change in the functional capabilities of an important piece of the puzzle and building block to achieving Level 4 and 5 autonomous driving, according to Swami Kotagiri, CTO of

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Magna CEO Don Walker: e-drive systems JV with HASCO a “good fit”

SHANGHAI – Magna International CEO Don Walker said the new electric drive systems joint venture it just formed with China’s Huayu Automotive Systems Co., Ltd. (HASCO), a subsidiary of China’s largest automaker SAIC Motor Corp., was simply the result of a “good fit” between the two companies. “HASCO is a

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China must consider consumer acceptance, sustainability and enjoyable mobility over fuel ban

TIANJIN – Banning traditional fossil fuel vehicles maybe the long-term trend in various countries including China but issues such as consumer acceptance, sustainability and enjoyable mobility must be considered when deciding on a timeline to do so, according to Young-Ho Lee, CEO of GETRAG Asia Pacific, Magna Powertrain. Lee made

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Magna opens new engineering center in Shanghai for mirror and vision systems tech

SHANGHAI – Magna opened a new engineering center here on September 19 dedicated to the developing and delivering the latest mirror and vision systems technologies to Asian markets. The new engineering center is expected to generate up to 100 new jobs, including a number of highly-skilled engineers. The facility will

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Organic growth and acquisitions key drivers as Magna aims to double China sales to $6 billion in 2019

SHANGHAI – Magna International expects organic growth in its sheet metal and seating business and new business in transmissions generated by its acquisition of Getrag will drive its sales revenues in China to $6 billion in 2019, nearly twice the $3.1 billion achieved in 2016. James J. Tobin, chief marketing

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