China

Magna to build EVs for Xpeng, GAC in Austria with Chinese kits, report says

MAGNA STEYR body in white line
Deals with Xpeng and GAC would bring much-needed new business to Magna Steyr's Graz, Austria, production hub, the vehicle contract manufacturing unit of Magna International. (MAGNA STEYR)
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March 19, 2025 12:22 PM
MAGNA STEYR body in white line
Deals with Xpeng and GAC would bring much-needed new business to Magna Steyr's Graz, Austria, production hub, the vehicle contract manufacturing unit of Magna International. (MAGNA STEYR)

SHANGHAI ― Magna Steyr is about to finalize contracts with Chinese automakers Xpeng and GAC Motor Co. to assemble electric vehicles at its plant in Graz, Austria, with semi-knocked down kits imported from China, according to a report.

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