The JV will work out of a new 55,900 square-foot facility located in Changsha, China, with an estimated 116 employees at the start.
Magna Exteriors President Grahame Burrow said:
“We’re seeing tremendous demand for advanced material innovations as manufacturers pursue all opportunities to take weight out of vehicles to meet emissions requirements. I am very pleased we have formed this JV with GACC as it provides great opportunities for future growth in liftgates and other lightweight exterior products going forward.”
Lightweight, fully recyclable, composite liftgates are particularly beneficial as demand for crossover and sport utility vehicles remains high globally. These liftgate modules can achieve up to 25 percent mass savings over steel versions and are delivered as complete assemblies to the customer. Composite materials allow for greater design flexibility with deeper draws and tighter radii. Additional benefits of Magna’s full-system assembly and delivery approach include reduced complexity of the total liftgate module, lower tooling investment and increased throughput at the assembly plant.
“Magna’s expertise in advanced materials and manufacturing, combined with GACC’s deep connection, certainly ensures the strength of this strategic partnership,” added Burrow.
With the addition of this JV facility, Magna now expands to 50 facilities in China with more than 22,700 employees.
Earlier this year, the company launched the thermoplastic liftgates on the 2018 Jeep Cherokee which is sold in the US. In addition, Magna produced the industry’s first all-thermoplastic, fully recyclable liftgate module in North America on the 2014 Nissan Rogue.
Industries: Automotive & Road Transportation