Magna forms e-powertrain joint venture in China with SAIC Motor subsidiary

Green Car Congress
By mmillikinOct 18, 2017, 9:50 am197 pts
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…

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