Magna and BAIC to form two JVs to engineer and build premium EVs for customers in China; first production in 2020
Green Car Congress
JUNE 18, 2018
Magna intends to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV)—a subsidiary of the BAIC Group for electric cars—for the engineering and complete vehicle manufacturing of electric vehicles. Over the coming months, Magna and BJEV will work with authorities to implement legally binding joint-venture agreements which will govern the operations of these two joint ventures.
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