Dana Corporation has signed a 50/50 joint venture to make and assemble vehicle axles and other components in China, according to a Reuters report.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Dana reportedly said it signed the venture with Dongfeng Motor Co. Ltd. and the venture will provide components for Dana’s global operations.

According to Reuters, the move is the latest in the trend seen in the past few years in which global automotive parts makers have been shifting some of their productions to China where its cheaper to make products and retain higher margins.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now