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 with Chinese OEMs. With extensive experience in vehicle manufacturing, Magna is positioned to support XPENG in achieving its ambitious goals for the region.

• XPeng (NYSE:XPEV) last closed at $20.87 up 1.4%.
• Magna International (TSX:MG) last closed at CA$64.26 down 0.8%, close to the 52-week high.

In other trading, QuantumScape (NYSE:QS) was trading firmly up 12.4% and finishing the session at $9.95. Meanwhile, THOR Industries (NYSE:THO) trailed, down 4.8% to close at $105.01.

XPeng's innovative AI hardware and international growth strategy position it for rapid expansion in the competitive EV market where timing could be crucial for investors to explore further. Click here to delve into the detailed narrative on XPeng.

Best EV Stocks

• Tesla (NasdaqGS:TSLA) finished trading at $395.94 up 7.4%.
• BYD (SEHK:1211) ended the day at HK$108.10 up 3.4%.
• NIO (NYSE:NIO) finished trading at $6.22 up 2.5%.

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• Reveal the 68 hidden gems, such as Nissan Motor, Bosch and Lear, among our EV Stocks screener with a single click here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG" from Magna International Inc. on GlobeNewswire (published 15 September 2025)

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