GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

Executive Summary

• GAC and Magna announced a joint vehicle assembly program to produce the electric SUV AION V at Magna’s Graz, Austria facility, marking the start of serial production in Europe.
• The partnership expands localized EV manufacturing, supply, and sales for GAC across European markets, leveraging Magna’s flexible multi‑platform production capabilities.
• The AION V has already achieved a five‑star Euro NCAP rating and debuted in Finland, Poland, and Portugal, with plans to enter additional European countries.

Key Details

• Program Scope: Collaboration to accelerate electric mobility by localizing assembly, supply chain, and sales of GAC’s EVs in Europe.
• Production Site: Magna’s Graz (Austria) facility – capable of producing ICE, hybrid, and electric vehicles on shared lines; serial production of the AION V now underway.
• Vehicle Highlight: GAC AION V electric SUV – five‑star Euro NCAP rating; initial market launch in Finland, Poland, Portugal; further European expansion planned.
• Strategic Rationale (GAC): Strengthen presence in Europe, deliver locally assembled EVs that reflect GAC’s technology, sustainability, and craftsmanship values.
• Strategic Rationale (Magna): Demonstrate flexibility and capacity of its Graz operation, offering OEMs efficient localized production.
• Quotes:
• Wei Haigang, President, GAC International – emphasized Europe as a vital market and the partnership’s role in delivering locally assembled EVs.
• Roland Prettner, President, Magna Complete Vehicles – highlighted trust in Magna’s expertise and the Graz facility’s ability to support OEM localization.
• Future Plans: GAC intends to broaden its European footprint through additional partnerships, service networks, and sales channels beyond the initial markets.

Notable Quotes

“Europe is a vital market in GAC’s global development,” said Wei Haigang, President of GAC INTERNATIONAL.
“This collaboration reflects the trust automakers place in Magna’s expertise… allowing OEMs like GAC to localize production efficiently and confidently,” added Roland Prettner, President of Magna Complete Vehicles.