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GAC and Magna Strengthen Their Partnership for Electric Vehicle Development in Europe

In a significant move towards enhancing their presence in the European market, GAC and Magna have unveiled a comprehensive cooperation program aimed at promoting electric mobility and fostering collaboration in the electric vehicle sector. This partnership signifies GAC's commitment to the European market and establishes a solid foundation for local vehicle assembly and technology sharing.

A Localized Approach to Electric Mobility

The newly formed collaboration between GAC and Magna highlights the importance of localized production and development strategies for electric vehicles. Wei Haigang, President of GAC International, emphasized that "Europe is a vital market for GAC's global development." He stated that teaming up with Magna enables them to offer European consumers locally assembled electric vehicles that align with GAC's values of smart technology, sustainability, and craftsmanship.

This partnership is particularly exciting as it allows for tailored adaptations of GAC's electric SUV, the AION V, to cater to European consumers’ preferences. The production of this vehicle is already underway at Magna's state-of-the-art facility in Graz, Austria. This facility is renowned for its operational excellence and versatility, capable of manufacturing internal combustion, hybrid, and electric vehicles on shared production lines.

Strengthening the Electric Vehicle Ecosystem

With the goals to not only introduce the AION V across Finland, Poland, and Portugal but also to eventually expand into other European markets, GAC's strategy hinges on establishing new alliances and enhancing service and sales networks across the continent. As a testament to its quality, the AION V recently received a five-star rating in Euro NCAP tests, showcasing its safety and performance capabilities.

Roland Prettner, President of Magna Complete Vehicles, remarked on the collaboration’s significance, stating that it reflects the growing trust automotive manufacturers place in Magna's expertise. He pointed out that their local resources and technical advantages are essential for manufacturers like GAC to implement localized development strategies efficiently and securely.

A Legacy of Excellence

Magna brings over 125 years of manufacturing experience to the table and has developed more than 40 vehicle models, providing them with a wealth of knowledge in vehicle production. The company has successfully produced over 4 million units worldwide, establishing itself as a leader in the automotive supply industry. Through this partnership, GAC and Magna seek to leverage their collective expertise in electrification, design, and manufacturing, reinforcing their commitment to quality, reliability, and sustainable mobility, not just in Europe but globally.

About the Partners

GAC Group

Founded in 1997 and headquartered in Guangzhou, GAC Group has consistently appeared on the Fortune Global 500 list for 13 consecutive years. It offers a diverse array of R&D and manufacturing services and is committed to high-quality, sustainable smart mobility through its brands like GAC, AION, and HYPTEC.

To learn more about GAC Group, visit their official site at GAC Group.

Magna International

Magna is one of the largest automotive suppliers in the world and a trusted partner for leading vehicle manufacturers across major markets in North America, Europe, and China. The company boasts a global workforce and operates in 28 countries, providing unparalleled scale, proven reliability, and outstanding execution.

For more information about Magna, visit Magna.

As GAC and Magna embark on this journey together, their combined passion for innovation and commitment to sustainable practices sets a promising outlook for the future of electric vehicle mobility in Europe and beyond.