MPR Kontakt Icon
Choose language
MPR Suche
MPR Close

Two new electric vehicle joint ventures established by Magna and BJEV

14. August 2018

The German automotive supplier Magna and the Chinese manufacturer of electric vehicles, Beijing Electric Vehicle (BJEV), have founded two joint ventures for the development and production of electric cars. BJEV is a subsidiary of the BAIC Group and the vehicles are to be jointly produced in an existing plant in BAIC in Zhenjiang.

The agreement for the joint venture between the two companies was signed on 18 June 2018, subject to regulatory approvals. The production capacity is estimated at up to 180,000 vehicles per year, in the year 2020 series production should begin. The aim of the new companies is to attract new customers through expanded capacities and new products.

A joint development of a new, intelligent electric vehicle architecture was already presented in April of this year. This should be used as a basis and represent the platform for all future electric vehicles of the two companies.
According to Magna, there are also plans to manufacture electric vehicles or components for other automakers in the said factory.

For the first time in the history of Magna, complete vehicles are being developed and produced outside Graz, says Don Walker, CEO of Magna International. Until now, Magna Steyr’s Austrian plant has been manufacturing vehicles on behalf of well-known manufacturers such as BMW and Land Rover. The founding of the two joint ventures is also seen by analysts as an advantage for BJEV, which is planning an initial public offering in China in about two months.

Joint Venture

China’s electric vehicle market has surpassed that of the US since 2015, thanks to generous Chinese government subsidies and stringent environmental laws. An on-site production facility is beneficial for Magna to tap into the local market while being less dependent on any tariffs, especially with regard to the trade dispute between China and the US.

Vehicles manufacturers in China need to obtain the CCC China Certification as well as manufacturers outside of China.

For more information on how CCC certification may affect your company, or for more information about CCC certification in in general, the process, and the associated costs, please visit our website and our news section where you will find current updates twice a week.

Please do not hesitate to contact us for further details and consultation. You can contact us via e-mail, or call us (UK: +44 2071931135, Rest of Europe: +49 69 2713769150, US: +1 773 654-2673).

You can also check out our free CCC-Brochure, which can be downloaded right here as a PDF file or you consult our book (in English) “A Brief Guide to CCC: China Compulsory Certification”, which can be found directly here on Amazon.

MPR Author

About the author: Julian Busch is founder and Managing Director of MPR China Certification GmbH
Publisher: MPR China Certification GmbH

Tel.: +49 69 271 37 69 150