AURORA, Ont.—Auto parts maker Magna International Inc. has signed a joint-venture agreement with Chinese company Huayu Automotive Systems Co., Ltd., a subsidiary of SAIC Motor. The partnership plans to produce an electric-drive powertrain system for an unidentified German automaker. Magna says the deal will see it bring its integrated e-drive system to China as both companies work to improve market development, research and development, advanced manufacturing and key parts supply. Read more:Magna International joins team developing automated driving systems

Source: thestar October 18, 2017 16:52 UTC