$XPeng (XPEV.US)$ A new report states that Austria-based contract manufacturer Magna Steyr is on the cusp of securing two new customers in Xpeng Motors and GAC Motor Co. As a result of the reported deal, those Chinese automakers would have an avenue around additional tariffs on imports imposed by the EU, while Magna Steyr gains some much-needed EV manufacturing on its Austrian assembly lines. Magna Steyr is an...
SoundOfMusic
:
The current spare production capacity of Magna is 130,000 cars per year. Xpeng could produce 65K cars, taking half of the available capacity. How fast can it come online? 2H of 2025?
A new report states that Austria-based contract manufacturer Magna Steyr is on the cusp of securing two new customers in Xpeng Motors and GAC Motor Co. As a result of the reported deal, those Chinese automakers would have an avenue around additional tariffs on imports imposed by the EU, while Magna Steyr gains some much-needed EV manufacturing on its Austrian assembly lines.
Magna Steyr is an...
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