Magna to produce China’s GAC electric vehicles in Europe
NeutralFinancial Markets

- Magna International will begin producing electric vehicles for China's GAC Group in Europe, marking a significant step in the collaboration between the two companies.
- This partnership is crucial for Magna as it seeks to enhance its presence in the growing electric vehicle market, particularly in Europe, where demand for such vehicles is on the rise.
- The move comes amid increasing competition from Chinese automakers in Europe, highlighting the challenges faced by European manufacturers in maintaining market share against advanced and cost
— via World Pulse Now AI Editorial System

