GAC Group and Magna officially announce a joint project for vehicle assembly, aiming to expand the localization production scale of electric vehicles in the European market.

Guangzhou Automobile Group and Magna jointly announced their vehicle assembly cooperation project, aiming to accelerate the strategy of electric mobility and expand the local production scale of electric vehicles in the European market. This cooperation covers production, supply chain, and sales business. Currently, Guangzhou Automobile Group's electric SUV AION V has officially started production at Magna's factory in Graz, Austria.