In April 9th, Beijing Automobile Group Co., Ltd. (abbreviated "Beiqi group") and Magna announced that it would work together to develop a new generation of smart electric vehicles for the Chinese market. China is currently the world's leading electric vehicle market, and its sales of electric vehicles nearly 700 thousand in 2017. It is predicted that by 2020, the number of pure electric vehicles in China will reach 5 million.

Magna steer, a vehicle solution Undertakings Department under Magna International, is able to win the cooperation opportunities of Beiqi group, mainly because the company has rich vehicle manufacturing and engineering experience, a full range of electronic and electrical architecture development process, and the world's leading lightweight technology, bringing customers extremely rich. Technological innovation has both cost advantages.

"We are very honored to develop a new generation of advanced smart electric vehicles with North steam," said Michael, President of Magna European district and President of Magna steyle, the global president. "Thus, we have taken an important step in the electric car market in China."