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Benzinga
Benzinga
Business
Akanksha Bakshi

XPeng Joins Forces With Magna To Build EVs In Austria

XPeng Inc.

XPeng Inc. (NYSE:XPEV) has partnered with Magna International Inc. (NYSE:MGA) to assemble two electric vehicle models in Europe.

Production is slated to start in the third quarter of 2025. The agreement makes XPeng the first Chinese automaker to localize production at Magna’s facilities on the continent.

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