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Magna to assemble electric vehicles in Europe for Chinese automaker Xpeng

TORONTO - Magna International has signed a deal to assemble two electric vehicle models for Chinese automaker Xpeng in Europe.

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Magna to assemble electric vehicles in Europe for Chinese automaker Xpeng

A Magna logo is shown in Milton, Ont. on Saturday, March 24, 2023. Magna International Inc. is a Canadian parts manufacturer for automakers. THE CANADIAN PRESS/Staff

 RJB
By The Canadian Press

TORONTO - Magna International has signed a deal to assemble two electric vehicle models for Chinese automaker Xpeng in Europe.

Financial terms of the deal agreement were not immediately available.

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