According to Aiqi's investigation, BAIC Blue Valley Magna Automobile Co., Ltd. was established by BAIC New Energy and Magna Steyr on the basis of the original BAIC (Zhenjiang) Automobile Co., Ltd. ... In line with the development trend of automobile electrification and intelligence, the company seized the opportunity of joint venture and ushered in a comprehensive transformation. On June 20 18, BAIC, Zhenjiang Municipal Government and Magna Group signed a tripartite cooperation agreement in Nanjing. On July 24, 20 19, the three parties signed a manufacturing joint venture agreement. On February 26th, 20 19, BAIC Blue Valley Magna Automobile Co., Ltd. was formally incorporated. It can be seen that the manufacturers of Blue Valley Magna new energy vehicles are BAIC Group and Magna.

Relying on the existing Beiqi Zhenjiang base for comprehensive upgrade, integrating intelligence, transparency, greening and internationalization, we will build a high-level new energy vehicle innovation center and an industrialized 4.0 multi-platform intelligent factory to produce a new generation of ARCFOX high-end brand new energy vehicles. The first product N60 will be launched in 2020, and the second product N6 1 will be launched in 20021. At the same time, it will also provide third parties with electric vehicle research and development and vehicle manufacturing services. The company's goal is to provide customers with excellent electrification solutions and promote the development of new energy vehicles and smart travel industry in China.