Magna and Chongqing Hongli Zhixin Automotive Parts Manufacture have inked a 50/50 joint-venture agreement to provide complete seating systems and seating components to Changan Ford and other customers in China.

Hongli Zhixin is an independent seating supplier in China with capabilities in foam, trim and structures, as well as established OEM customers. It will bring a manufacturing facility in Harbin and two production programmes to the JV, while a Hongli Zhixin-Magna headquarters will be located in Chongqing.

“Hongli Zhixin, with their strong position in the Chinese seating market, represents a strategic partner for us in China,” said Magna Seating president, Mike Bisson.

“The combination of our global seating expertise and their knowledge of the Chinese market delivers a value proposition that ultimately positions both companies for future growth opportunities.”

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