Core Viewpoint - Xiaopeng Motors has successfully completed the trial assembly of its first globally launched model, the 2026 Xiaopeng P7+, at the Graz factory in Austria, indicating progress in its localization strategy for electric vehicle production in Europe [1] Group 1 - Xiaopeng Motors announced the completion of trial assembly for the 2026 Xiaopeng P7+ at the Graz factory in Austria [1] - The company is collaborating with the Magna factory in Austria to advance the localization of electric vehicle production in Europe [1] - This project marks Xiaopeng Motors' first localized production initiative in Europe [1]

Core Insights - Magna and GAC Group announced a joint vehicle assembly project aimed at localizing electric vehicle production in the European market [1] - This collaboration marks a significant move by GAC Group to strengthen its presence in Europe [1] - GAC Group's electric SUV model AION V has commenced mass production at Magna's Graz facility [1] Company Developments - The Graz facility of Magna has also established a localization plan for Xpeng Motors, with the first batches of Xpeng G6 and G9 already in mass production [1] - Future plans for the Graz facility include the production of additional Xpeng models [1]