BAIC Group and Magna are to jointly develop a next-generation smart electric vehicle architecture for the Chinese market. China is currently the leading market for electric mobility in the world, with around 700,000 electrified cars sold in 2017.
By 2020, the number of all-electric cars on China’s roads is forecast to reach five million, due in part to subsidies and quotas by the Chinese government.
Magna Steyr has been selected as BAIC’s partner due to its innovative and cost-effective solutions throughout its complete vehicle manufacturing and engineering services, as well as its full-scale electronic/electrical architecture and lightweight technologies.
“We are proud to develop the next generation of advanced smart EV architecture together with BAIC. This is a further big step forward for Magna in vehicle electrification for the Chinese market,” said Günther Apfalter, president of Magna Europe and Magna Steyr.