Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG

New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in EuropeMagna to assemble two fully electric vehicle modelsSerial production is set to begin in Q3 2025 AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) -- As Chinese car manufacturers enter the European market, the need for localized production is growing. Today, Magna has announced that XPENG, a Chinese smart electric vehicle manufacturer, has selected the company to assemble two new models for the ...