Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China

FILE PHOTO: An employee works on an assembly line producing electronic cars at a factory of Beijing Electric Vehicle, funded by BAIC Group, in Beijing, China, January 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.

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