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Huayu Automotive Systems and Magna to set up joint e-drive system manufacturing company
On October 19, 2017, Huayu Automotive Systems Company Limited announced a plan to establish a new firm tentatively named Magna Huayu E-drive System Co., Ltd. jointly with Magna (Taicang) Automotive Technology Co., Ltd., a subsidiary of Magna International Inc. The new joint venture is going to have a registered capit....
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