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GAC GROUP to Produce EVs at Magna's European Plant
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In a bid to avert the EU tariffs on Chinese-made electric vehicles (EVs), GAC GROUP (02238.HK) is set to produce its AION V EV at a plant of car component maker Magna in Austria. Prior to its deal with GAC GROUP, Magna had announced in September that it would manufacture EVs for XPENG-W (09868.HK) at the same plant. AAStocks Financial News |
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