A new joint venture between Magna and Beijing Hainachuan Automotive Parts (BHAP) has been formed and has already netted new door module business for a German OEM in China. To accommodate the new business and meet the demands of the Chinese automotive industry, the joint venture partners will establish a new facility in Beijing. The announcement was made at the Beijing Auto Show by executives from both companies.
The joint venture and production facility would allow both Magna and BHAP to further expand their presence in China, specifically Beijing, while attracting new customers and strengthening relationships with current ones.
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"We are pleased to combine Magna's expertise in mechatronic systems with BHAP's relationships with automakers in China," said John O'Hara, Magna Closures, Lighting and Mirrors president. "This joint venture places both companies in a strategic position to grow and succeed as we support customers in China."
Production within the facility is scheduled to begin in 2021 and is expected to generate over 100 new jobs.
"The door module collaboration between BHAP and Magna is a significant step for us as we execute our global strategy," said chairman Cai Suping of BHAP. "Working with our partners, we expect to strengthen our position in both domestic and international markets to grow BHAP into a global automotive supplier to OEMs."
