MagnaChina – The 50:50 partnership between Magna Exteriors and Chongquing Guangneng Rongneng Trim, called Magna Guangneng Automotive Trim System (Hangzhou), will supply the Chinese automotive market through a greenfield facility that will assemble and sequence front-end modules (FEMs).
Joe Pittel, global president at Magna Exteriors, Interiors and Seating, said his company “recognises Chongquing’s strong presence in the China supply base” and that the partnership will expand Magna’s presence in a region with a growing automotive market.