New joint venture of Magna and BHAP founded in China
7. June 2018Magna is one of the largest automotive suppliers in the world, with 355 production sites and 96 development centers in 28 countries. Beijing Hainachuan Automotive Parts (BHAP) was founded in Beijing in 2008 and is now among the top 100 automotive suppliers in the world. Almost 60 branches and 16 foreign production sites and development centers have been established in Europe, North America and Asia.
The new joint venture has already received orders for the manufacture of door modules in China. The two partners emphasized that cooperation and a new production location will allow them to continue their successful expansion in the Chinese market. In addition, they are trying to bind existing customers and win new customers. The new factory is expected to start production in 2021 and create about 100 new jobs. Its new location has created a good strategic starting position for reaching the market. The local proximity to the Chinese customers is also an advantage.
In addition to door modules, lights and mirrors are also to be produced by the new joint venture. With Magna’s experience in mechatronic systems and BHAP‘s strong relationship with Chinese automakers, the joint venture is a win for both companies. BHAP expects to strengthen itself in the local and international market as an automotive supplier and OEM manufacturer.
The components mentioned above all need a CCC certification for the Chinese market.
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