GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

Core Insights - GAC and Magna have launched a vehicle assembly program aimed at enhancing electric mobility and increasing localized EV production in Europe [1][2] - The collaboration emphasizes GAC's commitment to the European market and Magna's manufacturing expertise, with the AION V electric SUV now in serial production at Magna's Graz facility [1][3] Company Overview - GAC Group, founded in 1997 and headquartered in Guangzhou, has been listed on the Fortune Global 500 for 13 consecutive years, focusing on intelligent and sustainable mobility [7] - Magna International is one of the largest automotive suppliers globally, with nearly 70 years of experience and operations in 28 countries, providing a wide range of vehicle systems and manufacturing capabilities [5] Product Details - The AION V electric SUV has received a five-star Euro NCAP rating and is being introduced in Finland, Poland, and Portugal, with plans for further expansion into additional European markets [2][4] - Magna's Graz facility is capable of producing various vehicle types, including internal combustion, hybrid, and electric vehicles, showcasing operational excellence and flexibility [3][4] Strategic Importance - The partnership between GAC and Magna is positioned to shape the future of mobility by integrating electrification, design, and manufacturing expertise, reflecting a commitment to quality and sustainable practices [4]