# 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.

- Type: Partnership
- Announced: 2017-10-18
- Where: China
- Status: announced
- Products: electric drive powertrain system, e-drive system, e-motor, gearbox, inverter
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huayu Automotive Systems](https://endata.com/companies/1495.md) (partner)
- [Magna International](https://endata.com/companies/2534.md) (partner)
- [SAIC Motor](https://endata.com/companies/20448.md) (partner)

## Sources

- [just-auto.com](https://www.just-auto.com/news/magna-forms-e-powertrain-joint-venture-in-china/), 2017-10-18: "“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.”"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.