XPENG, a Chinese smart electric vehicle manufacturer, has selected Magna to assemble two new models for the European market. Production will start in the third quarter of 2025. XPENG’s Vice Chairman and President, Brian Gu, sees this partnership as a strategic move to enhance their European presence and capabilities. This marks the beginning of XPENG’s long-term commitment to the European market.

Read more at Nasdaq: XPENG Selects Magna To Assemble Smart Electric Vehicles For European Market