Guangqi Group and Magna will collaborate on complete vehicle production in Europe.

On November 21st, Guangzhou Automobile Group and Magna jointly announced that they will have complete vehicle production cooperation in Europe. This move is part of Guangzhou Automobile Group's efforts to expand its localization production scale in the European market, accelerate its electrification strategy, and simultaneously expand its production, supply chain, and sales business. Currently, Guangzhou Automobile Group's electric SUV model AION V has started mass production at Magna's Graz factory.