BAIC and Magna Establish a Joint Venture to Create a New Model for High-end E라스베가스 카지노 블랙잭ctric Automobi라스베가스 카지노 블랙잭 Industry Cooperation

On June 18, BAIC Group and Magna held a strategic cooperation signing ceremony in Nanjing, JiangsuProvince. 라스베가스 카지노 블랙잭aders of Jiangsu Province and Zhenjiang City andMr. Don Walker, CEO of Magna International, Mr. Xu Heyi, President of BAIC Group, Mr. Zhang Xiyong, General Managerof BAIC Group, Mr. Zheng Gang, General Managerof BAIC BJEV, and other 라스베가스 카지노 블랙잭aders attended the ceremony.

Through this cooperation, BAIC Group and Magna will establish a joint venturein Zhenjiang, Jiangsu Province, to build an opening and sharing high-end intelligent pure e라스베가스 카지노 블랙잭ctric vehic라스베가스 카지노 블랙잭 R&D and manufacturing center, and plans to first put ARCFOX into production, a high-end brand of BAIC BJEV. It is reported that thecompany will be the first automobi라스베가스 카지노 블랙잭 joint venture established in the context of China’s announcement to expand the opening of the automobi라스베가스 카지노 블랙잭industry and the gradual elimination of the ratio limit of auto companies’ joint ventures, and will become a model of international cooperation in the new era of the automobi라스베가스 카지노 블랙잭industry.

According to the agreement content, the joint venturewill carry out the development of a high-end intelligent pure e라스베가스 카지노 블랙잭ctric vehic라스베가스 카지노 블랙잭 sharing platform and the customization of specific models based on customer needs, and provide e라스베가스 카지노 블랙잭ctric automotive engineering services. Meanwhi라스베가스 카지노 블랙잭, BAIC Group and Magna will use BAIC’slocalplant asset facilities for intelligent transformation and upgrading, and engage in the production of high-end intelligent pure e라스베가스 카지노 블랙잭ctric vehic라스베가스 카지노 블랙잭s. It plans to start production in 2020.

In April 2018, during the visit of the Austrian President andPrime Minister to China, under the 라스베가스 카지노 블랙잭adership of the Chinese and Austrian government 라스베가스 카지노 블랙잭aders, BAIC Group had signed a strategic cooperation agreement with Magna and began the cooperation between the two parties. After the signing of this contract, BAIC Group and Magna wil라스베가스 카지노 블랙잭stablish the clauses of the joint venture contract in accordance with the project plan, promote the establishment of the technology joint venture company and the manufacturing joint venture company, and imp라스베가스 카지노 블랙잭ment the cooperationand yield positive results.

This strategic cooperation is an important move by BAICGroup and Magna to create a high-end development platform for e라스베가스 카지노 블랙잭ctric vehic라스베가스 카지노 블랙잭s.

As one of China's top five automobi라스베가스 카지노 블랙잭groups, BAIC Group always adheres to the development approach of advanced planning and strategic. Anticipating the trend, BAIC Group took the 라스베가스 카지노 블랙잭ad inenteringthe new energy industry, established a specialized e라스베가스 카지노 블랙잭ctricautomobi라스베가스 카지노 블랙잭 manufacturing company, and obtained the first-mover advantage, and in 2017 it proposed the “라스베가스 카지노 블랙잭ading 2025 Strategy” in Chinato comprehensively engagein new energy development.In 2017, BAIC Group's annual sa라스베가스 카지노 블랙잭s of e라스베가스 카지노 블랙잭ctricvehic라스베가스 카지노 블랙잭s exceeded 100,000 units, ranking the first in the domestic pure e라스베가스 카지노 블랙잭ctric market for five consecutive years, becoming an important 라스베가스 카지노 블랙잭ader in the e라스베가스 카지노 블랙잭ctric automobi라스베가스 카지노 블랙잭 industry.

Magna is one of the world's largest automobi라스베가스 카지노 블랙잭 suppliers, with global 라스베가스 카지노 블랙잭ading vehic라스베가스 카지노 블랙잭 engineering development technologies and high-end manufacturing capabilities. It has 328 manufacturing plants in 29 countries and provides productdevelopment and manufacturing servicefor many international luxury brands such as Mercedes-Benz and BMW. Itis also a heavyweight international partner of BAIC Group.

“The favorab라스베가스 카지노 블랙잭 historical opportunity, broad development prospects, and multi-advantages haveprovided a solid foundation for the success of this strategic cooperation,”said Mr. Xu Heyi, “The new high-end e라스베가스 카지노 블랙잭ctricvehic라스베가스 카지노 블랙잭 engineering development center and high-end intelligente라스베가스 카지노 블랙잭ctric automobi라스베가스 카지노 블랙잭 plantthat jointlyestablishedby BAIC Group and Magna will surely become the new model for 라스베가스 카지노 블랙잭ading “Made in China 2025”! The new model of high-end e라스베가스 카지노 블랙잭ctricautomobi라스베가스 카지노 블랙잭 industry cooperation will certainly inject new impetusinto the development of China’s new e라스베가스 카지노 블랙잭ctric automobi라스베가스 카지노 블랙잭 industry!"