Magna International Inc. Forms Joint Venture to Produce Composite Liftgates in China

Magna International Inc., an Ontario-based automobile parts supplier, has entered into a joint venture with the Guangzhou Automobile Group’s (GAC) subsidiary, GAC Component Co. Ltd. (GACC) to produce composite liftgates for crossover vehicles starting in late 2018. The joint venture will be based in a manufacturing facility in Changsha, China, with 116 employees. Composite liftgates are lightweight and fully recyclable. They can achieve up to 25 per cent mass savings, which allow greater design flexibility. This joint venture expands Magna to 50 facilities in China with more than 22,700 employees.

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