GAC Teams Up with Magna to Produce Aion V in Europe
Chinese automaker GAC is making a strategic move into the European market by partnering with Austrian contract manufacturer Magna. This partnership will see GAC's all-electric Aion V SUV produced at Magna’s plant in Graz, Austria. The decision comes as tariffs on fully built vehicles are rising, presenting a significant challenge for Chinese manufacturers looking to establish themselves in Europe.The Aion V offers impressive range and performance with up to 466 miles (750 km) of CLTC range from its largest battery pack and a powerful electric motor producing 181 horsepower. Since its unveiling last year, the SUV has gained traction in China, and GAC now aims to leverage this success abroad.Magna’s Graz facility is no stranger to high-end car production, having built models for luxury brand...