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Magna opens engineering joint venture with BAIC's EV unit
Automotive News China | 2019/1/18

Magna International unveiled an automotive engineering joint venture with BAIC Motor Co.s electric vehicle subsidiary Beijing Electric Vehicle Co. in the east China city of Zhenjiang on Tuesday. 

The new company will have 420 employees. It will engineer EVs for BJEV as well as other potential customers, Magna said. 

On the same day, Magna and BJEV also broke ground on an EV test center under their engineering partnership. The center will begin operations in September.

Under an agreement the two sides signed in June last year, the first EV that Magna will develop for BJEV is slated to be produced starting in 2020 at their joint venture plant in Zhenjing. 

The plant can produce up to 180,000 EVs a year at full capacity. 

BJEV, based in the Chinese capital of Beijing, is the largest EV battery maker in China. It delivered 158,012 battery EVs in 2018, a surge 53 percent from a year earlier. 

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