Magna forms joint venture for electric-drive powertrain production in China

November 18, 2017

November 18, 2017

Magna forms joint venture for electric-drive powertrain production in China

Magna’s electric-drive powertrain system will now be produced for the Chinese market (Courtesy Magna International)


Global automotive supplier Magna International Inc., Aurora, Ontario, Canada, as entered into a joint venture agreement with SAIC Motor subsidiary Huayu Automotive Systems Co., Ltd. (HASCO), Shanghai, China. The JV will initially be focused on the production of Magna’s electric-drive powertrain system for the Chinese market.

Both partners report that they will give the JV full support to develop localised core competencies in terms of market development, R&D, advanced manufacturing and key parts supply such as gearboxes, inverter components and e-motors. Magna brings to the JV ten years of experience as a developer and manufacturer of electrified powertrains including e-motors, gearboxes, inverters and control software.

“The new-energy vehicle (NEV) market will continue to grow at a rapid speed in China,” stated Chen Zhixin, President of SAIC Motor and Vice Chairman of HASCO. “With this trend, SAIC Motor is developing the New Four Modernisation strategy focusing on car electrification, connectivity, intelligence and sharing economy. The establishment of the JV, a strong combination of HASCO and Magna’s strength to initiate cooperation in NEV electrified powertrain systems, has been a milestone for HASCO to develop its core competencies in the field of key new-energy-related components, as well as a critical measure to strengthen the New Four Modernisation strategy for SAIC.”

“China is the number-one growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market,” added Don Walker, Magna CEO. “Combining strengths with HASCO helps position Magna and the joint venture for future growth and success.”

In 2009, Magna announced a vehicle-development partnership with Ford Motor Company to introduce a zero-emission lithium-ion battery electric vehicle (BEV) – the Ford Focus BEV, which entered the market in 2011. Magna was responsible for providing the electric motor and electronic control module, and also played a role in engineering the vehicle to integrate the electric propulsion system and other new systems into the vehicle architecture.

Since 2012, Magna has also supplied Volvo with the electrified rear axle drive system (eRAD) featured on the Volvo V60 and S60 plug-in hybrid models. Magna’s eRAD system complements a traditional gas- or diesel-engine front-wheel-drive powertrain with an independent electric powertrain to power the rear wheels and offers multiple hybrid driving modes while adding four-wheel-drive capability.

November 18, 2017

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Höganäs’ fourth reinvention: Creating sustainable metal powders for automotive electrification
  • Powder Metallurgy in China: Markets, applications and the impact of vehicle electrification
  • Taking control of your metal powder supply chain: Blue Power’s solutions for in-house atomisation
  • Shaping the future: Dorst Technologies on digitisation, data and the PM ‘smart factory’
  • JPMA Awards 2022: PM process innovations supporting the route to carbon neutrality

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link