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19 10 2017 2

To expand its global electrified powertrain offerings and strengthen its local footprint in China, Magna has entered into a joint-venture agreement with Huayu Automotive Systems Co., Ltd. (HASCO), a subsidiary of SAIC Motor. The JV will initially produce an electric-drive powertrain system for a German automaker.

For the initial customer order, the JV will leverage Magna’s highly integrated e-drive system with a focus on the production of the system mainly for the Chinese market. Both partners will give the JV full support to develop localized core competencies in terms of market development, R&D, advanced manufacturing and key parts supply such as gearboxes, inverter components and motors.
Magna_International_Inc__Magna_Forms_E_Powertrain_Joint_Venture

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