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Magna has announced a new partnership with XPENG, a Chinese smart electric vehicle (EV) manufacturer, to assemble two new EV models for the European market. This collaboration marks the first time a Chinese automaker has utilized Magna’s complete vehicle assembly operations in Graz, Austria, for localized production. The move aligns with the growing trend of Chinese car manufacturers expanding their presence in Europe and the corresponding need for local manufacturing. Serial production for the two models is scheduled to begin in the third quarter of 2025.
Key Highlights
- Magna has been selected by XPENG, a Chinese EV manufacturer, to assemble two new vehicle models for the European market.
- This is the first complete vehicle assembly program with a Chinese OEM at Magna’s operations in Graz, Austria.
- The partnership establishes a long-term collaboration for future models.
- Serial production of the new smart EVs is set to commence in Q3 2025.
- Magna has a long-standing history of supporting Chinese automakers, having provided complete vehicle engineering for nearly 20 years and manufacturing services since 2018.
A Strategic Collaboration
The new program is a significant milestone for both companies. According to Roland Prettner, President of Magna Complete Vehicles, the partnership with XPENG is a testament to Magna’s commitment to innovation and flexibility in a rapidly evolving automotive industry. He noted that Magna is well-positioned to support XPENG’s ambitious goals for the European market, leveraging the company’s extensive experience and state-of-the-art facilities.
Brian Gu, Vice Chairman and President of XPENG, stated that the partnership perfectly fits the company’s vision and strategy to strengthen its European capabilities. He described the agreement as a crucial first step in XPENG’s long-term commitment to growth in the region.
Magna’s Expertise
As a leading independent contract manufacturer, Magna offers a comprehensive range of automotive expertise, from vehicle engineering to manufacturing and assembly services. With over 125 years of experience, the company has developed more than 40 complete vehicles and produced over 4 million vehicles. Magna’s position as a world leader in brand-independent contract manufacturing allows it to provide tailored and swift support to automotive manufacturers seeking to expand their presence in Europe. For more information on Magna’s complete vehicle capabilities, visit www.magna.com/products/complete-vehicles.
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