Metal stamper Gestamp has signed a memorandum of understanding (MoU) with Beijing Hainachuan Automotive Parts.

The agreement aims to increase cooperation in areas such as electric vehicles as well as reinforce the existing strategic relationship between both companies.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

BHAP is a subsidiary of the BAIC Group, one of the biggest car manufacturers in China, with JV deals with Daimler's Mercedes-Benz and Hyundai Motor.

The supplier said the MoU would strengthen its position in China "by increasing its scale to better serve both local and international OEMs based in China". The alliance would enhance capabilities in China, a strategic market because it is the world's largest vehicle manufacturing hub.

Gestamp and BHAP started relationships by entering into a joint venture which started operations in November 2018.

Gestamp has also signed an MoU with Liuzhou Wuling Automobile Industry to "leverage their competitive advantages and resources to cooperate in body-in-white, chassis and in new products within the Guangxi Zhuang autonomous region". 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"These strategic agreements are a step forward and reinforce our strategy in China, a country that is playing a significant role for the future of the automotive industry, leading the development of electric vehicles as well as other trends," Gestamp chairman Francisco Riberas said.

Gestamp claims its leadership in hot-stamping technology enables it to supply lower weight steel body structures that help car manufacturers meet increasingly stringent emissions regulations in the case of internal combustion engines and counteract the increase in weight from the batteries in the case of EVs.