Magna International Inc and BAIC Group (Beijing Automotive Industry Holding Co Ltd) have announced that they will jointly develop a next-generation smart electric vehicle architecture for the Chinese market. This is said to be Magna’s first project with BAIC Group to support their electrification strategy, and provides the company a chance to enhance its relationship with one of China’s largest OEMs.
Magna Steyr is said to have been was selected to be BAIC’s partner due to its innovative and cost-effective solutions throughout its complete vehicle manufacturing and engineering services. This is in addition to Magna’s full-scale electronic/electrical architecture and lightweight technologies, the company noted.
China is currently the leading market for electric mobility in the world, with around 700,000 electrified cars sold in 2017. By 2020, the number of all-electric cars on China’s roads is forecast to reach about five million, due in part to subsidies and quotas by the Chinese government, Magna said.
Günther Apfalter, President, Magna Europe and Magna Steyr, said the company is proud to develop the next generation of advanced smart EV architecture together with BAIC. This is a further big step forward for Magna in vehicle electrification for the Chinese market, he added.