# Magna signs framework agreement for EV manufacturing joint venture in China

Magna, BAIC Group and the Zhenjiang government signed a framework agreement for an electric vehicle manufacturing joint venture in Zhenjiang, China, with capacity up to 180,000 vehicles per year.

- Type: Acquisition
- Announced: 2019-08-02
- Where: Zhenjiang, China
- Status: announced
- Capacity: 180,000 vehicles per year
- Products: electric vehicles, ARCFOX models
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (partner)
- [BAIC Group](https://endata.com/companies/32657.md) (partner)

## Sources

- [metal-powder.tech](https://www.metal-powder.tech/magna-signs-its-first-complete-vehicle-manufacturing-joint-venture-in-china/), 2019-08-02: "Magna has proven experience building complete vehicles for customers."

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