A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP) has been formed and has already netted new door module business for a German OEM in China. The announcement was made at the Beijing Auto Show by executives from both companies.
Magna-BHAP door module
The Magna and BHAP joint venture will supply door modules to automakers in China. To accommodate the new business and meet the demands of the Chinese automotive industry, the joint venture partners will establish a new facility in Beijing.
The joint venture and production facility would allow both Magna and BHAP to further expand their presence in China, specifically Beijing, while attracting new customers and strengthening relationships with current ones.
Production within the facility is scheduled to begin in 2021 and is expected to generate more than 100 new jobs.
Registered and founded in Beijing in January 2008, Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP) is an international auto parts enterprise group. In 2017, BHAP had operating revenue of RMB 51.2 billion (USD 8.1 billion), ranking 68th among the world’s top 100 auto parts suppliers selected by Automotive News.