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GAC Partnership and European EV Launch Could Be a Game Changer for Magna International (TSX:MG)
GAC and Magna announced a European vehicle assembly initiative to accelerate electric mobility, launching serial production of GAC’s AION V electric SUV at Magna’s Graz facility, with the vehicle debuting in Finland, Poland, and Portugal and further expansion planned across Europe.
This collaboration along with Magna's new eDrive systems facility in China signals a stronger commitment to electric vehicle technology and manufacturing across two major automotive markets.
We’ll now consider how...