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Magna forms e-powertrain joint venture with Huayu Automotive in China · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Oct 18, 2017PARTNERSHIPChina

Magna forms e-powertrain joint venture with Huayu Automotive in China

Magna entered into a joint-venture agreement with Huayu Automotive Systems (HASCO), a subsidiary of SAIC Motor, to produce an electric drive powertrain system for a German automaker, initially for the Chinese market.

Status

Announced

Productselectric drive powertrain systeme-drive systeme-motorgearboxinverter

CompaniesHuayu Automotive Systems partner Magna International partner SAIC Motor partner

Sectors#Automotive Components

““China is the number-one growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market.””just-auto.com

1 source
just-auto.comMagna forms e-powertrain joint venture in China - Just AutoadminOct 18, 2017

Summarized from public sources; check the original articles before acting on it.

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Dec 18, 2017EXPANSIONChongqing, China, China$77.0M230 jobs
Rheinmetall Automotive expands piston production in Chongqing, China
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Oct 27, 2017ACQUISITIONNanjing, China
EU approves Bosch and HASCO joint control of ASCN
Huayu Automotive Systems acquirer Bosch acquirer chinadaily.com.cn
Oct 19, 2017PARTNERSHIPTaicang, China$30.0M
Magna and HASCO form e-powertrain joint venture in China
Huayu Automotive Systems partner Magna International partner autonews.gasgoo.com

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