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Magna forms JVs to make electric cars in China



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Canadian automobile tools retailer Magna International pronounced in a statement on Monday it would set adult dual corner ventures with Beijing Electric Vehicle Co to build electric cars in China.

The JVs are approaching to take over an existent prolongation trickery in Zhenjiang, Jiangsu, owned by a BAIC Group, a primogenitor of Beijing Electric Vehicle.

The initial prolongation vehicles are designed for 2020, a companies said.

Contact Automotive News


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