Magna Forms E-Powertrain Joint Venture in China

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., a subsidiary of SAIC Motor. The JV will initially produce an electric-drive powertrain system for a German automaker. Magna designs and manufactures a portfolio of versatile and innovative products that bring […]