Magna has formed a joint venture with Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP) to form a joint venture company that would make and supply door modules to automakers in China. The two companies would together set up a factory for the door modules in Beijing in order to cater to the needs of the Chinese automotive industry. The factory is slated to commence production in 2021 and will create over 100 new jobs.
The new JV company has already received orders for door modules from a German OEM in China.
Commenting on the partnership, John O’Hara, Magna Closures, Lighting and Mirrors President, said that the company was please to engage in a joint venture that would combine Magna’s expertise in mechatronic systems with BHAP’s relationships with automakers in China. As an outcome of this partnership, both companies would be in a strategic position to grow further as they support customers in China.”
Cai Suping, Chairman of BHAP, said that the door module collaboration with Magna marks a significant step for BHAP as it works on executing its global strategy. The partnership is expected to strengthen BHAP’s position in both domestic and international markets so that it can grow into a global automotive supplier to OEMs.
Magna is one of the largest automotive suppliers in the world and has a manufacturing footprint that extends across 335 factories and 96 product development, engineering and sales centers in 28 countries. It specializes in body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions.
Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP), which is based in Beijing was established in January 2008, and is an international and comprehensive auto parts enterprise group. The company has almost 60 subsidiaries and 16 overseas plants, R&D centers in Europe, North America and the Asia Pacific.
