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This Week In Electric Vehicles - XPENG Partners With Magna for European Production Expansion

Chinese electric vehicle manufacturer XPENG has chosen Magna International Inc. to assemble two new EV models in Europe, marking the first Chinese automaker to localize production at Magna's facility in Graz, Austria. This strategic move aligns with XPENG's commitment to enhance its presence in the European market, with serial production set to commence in the third quarter of 2025. The collaboration signifies a key milestone for Magna as it expands its complete vehicle assembly operations...