Magna forms e-powertrain joint venture in China

By Charles Morris Global automotive supplier Magna has formed a joint venture with Huayu Automotive Systems, a subsidiary of SAIC Motor.
The JV’s first product will be an electric-drive powertrain for a German automaker, destined for the Chinese market. Both partners aim to develop localized core competencies in R&D, manufacturing and key parts.
Magna is …read more

Source:: https://chargedevs.com/newswire/magna-forms-e-powertrain-joint-venture-in-china/