Magna will assemble two electric vehicle models for XPENG in Austria, starting production in Q3 2025.
Quiver AI Summary
Magna International has announced a partnership with XPENG, a Chinese electric vehicle manufacturer, to localize production by assembling two new fully electric vehicle models in Europe, with serial production set to start in Q3 2025. This collaboration marks a significant milestone, as it is the first complete vehicle assembly with a Chinese OEM at Magna’s facilities in Graz, Austria, reflecting XPENG's commitment to establishing a presence in the European market. Magna, with nearly 20 years of support for Chinese automakers, is positioned as a key strategic partner in the region, leveraging its extensive experience and manufacturing capabilities. The partnership signifies both companies' long-term commitment to enhancing their operations in Europe, as highlighted by the statements from leaders of both Magna and XPENG.
Potential Positives
- Magna has been selected by XPENG to assemble two fully electric vehicle models for the European market, highlighting Magna's strong position in the growing smart electric vehicle sector.
- This partnership represents the first complete vehicle assembly with a Chinese OEM at Magna’s operations in Europe, showcasing the company's ability to attract international collaborations.
- Serial production is set to begin in Q3 2025, indicating a timeline for revenue generation and production scaling, which is beneficial for Magna's growth prospects.
- Magna's extensive experience and established presence in the automotive market reinforce its reputation as a key strategic partner for OEMs, enhancing its competitive edge in the industry.
Potential Negatives
- Localizing production for a Chinese automaker could raise concerns about potential competition with established European automotive manufacturers, which may affect Magna's relationships and market position in Europe.
- The announcement includes a timeline for serial production starting in Q3 2025, which implies a lengthy period until the company sees any financial benefit from this partnership, potentially affecting short-term financial performance.
- The press release highlights reliance on a single Chinese OEM, which poses a risk if the relationship with XPENG does not meet expectations or if XPENG faces challenges in the European market.
FAQ
What is the significance of Magna's partnership with XPENG?
This partnership marks the first complete vehicle assembly with a Chinese OEM in Europe, enhancing localization efforts.
When will XPENG's electric vehicles begin production?
Serial production of the two electric vehicle models is set to begin in Q3 2025.
How does Magna support the automotive industry?
Magna offers expertise in vehicle engineering, manufacturing, and assembly, tailored to meet OEM needs.
What are XPENG's goals in Europe?
XPENG aims to strengthen its European capabilities and expand its market presence through localization.
Where is Magna's complete vehicle assembly located?
The assembly operations for XPENG’s vehicles will take place in Graz, Austria.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MGA Congressional Stock Trading
Members of Congress have traded $MGA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MGA stock by members of Congress over the last 6 months:
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 04/11.
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$MGA Hedge Fund Activity
We have seen 192 institutional investors add shares of $MGA stock to their portfolio, and 221 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BEUTEL, GOODMAN & CO LTD. removed 5,536,590 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $213,767,739
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 2,208,273 shares (+116.6%) to their portfolio in Q2 2025, for an estimated $85,261,420
- FIL LTD added 2,090,077 shares (+48.1%) to their portfolio in Q2 2025, for an estimated $80,697,872
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,763,906 shares (-33.8%) from their portfolio in Q2 2025, for an estimated $68,104,410
- CIBC ASSET MANAGEMENT INC removed 1,591,914 shares (-64.6%) from their portfolio in Q2 2025, for an estimated $61,463,799
- ROYAL BANK OF CANADA added 1,426,127 shares (+14.7%) to their portfolio in Q2 2025, for an estimated $55,062,763
- MACKENZIE FINANCIAL CORP removed 1,227,217 shares (-37.9%) from their portfolio in Q2 2025, for an estimated $47,382,848
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MGA Analyst Ratings
Wall Street analysts have issued reports on $MGA in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- TD Securities issued a "Buy" rating on 08/05/2025
- BMO Capital issued a "Outperform" rating on 05/05/2025
- Goldman Sachs issued a "Sell" rating on 04/10/2025
To track analyst ratings and price targets for $MGA, check out Quiver Quantitative's $MGA forecast page.
$MGA Price Targets
Multiple analysts have issued price targets for $MGA recently. We have seen 14 analysts offer price targets for $MGA in the last 6 months, with a median target of $42.5.
Here are some recent targets:
- Ty Collin from CIBC set a target price of $47.0 on 08/26/2025
- Brian Morrison from TD Securities set a target price of $52.0 on 08/05/2025
- Chris McNally from Evercore ISI Group set a target price of $40.0 on 08/04/2025
- Ryan Brinkman from JP Morgan set a target price of $48.0 on 08/04/2025
- Dan Levy from Barclays set a target price of $45.0 on 07/16/2025
- Jonathan Goldman from Scotiabank set a target price of $44.0 on 07/14/2025
- Joseph Spak from UBS set a target price of $45.0 on 07/14/2025
Full Release
- New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in Europe
- Magna to assemble two fully electric vehicle models
- Serial production is set to begin in Q3 2025
AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) -- As Chinese car manufacturers enter the European market, the need for localized production is growing. Today, Magna has announced that XPENG, a Chinese smart electric vehicle manufacturer, has selected the company to assemble two new models for the European market. Serial production of these new smart electric vehicles will begin in Q3 2025, marking the start of a long-term collaboration for future models.
For nearly 20 years, Magna has supported Chinese automakers with complete vehicle engineering, and since 2018, with domestic manufacturing and assembly services. This newly awarded program marks the first complete vehicle assembly with a Chinese OEM out of Magna’s operations in Graz, Austria, aligning with XPENG’s commitment to European localization.
“We are thrilled to collaborate with XPENG, marking a significant milestone as our first Chinese OEM partner here in Europe,” said Roland Prettner, President Magna Complete Vehicles. “This partnership underscores our commitment to innovation and flexibility in meeting the evolving needs of the automotive industry. By leveraging our extensive experience and state-of-the-art facilities, we are well-positioned to support XPENG’s ambitious goals for the European market.”
Magna is a key strategic partner for OEMs that are looking to expand their presence within the region. With its range of capabilities, including being a world leader in brand independent contract manufacturing, Magna offers comprehensive automotive expertise, flexibility, and experience working with a wide range of OEMs. Due to this positioning, Magna is able to provide tailored and swift support to automotive manufacturers.
“Our partnership with Magna fits perfectly in our vision and strategy to strengthen our European capabilities,” said Brian Gu, Vice Chairman and President of XPENG. “It is a first step in our growth in Europe as we have a long-term commitment to Europe.”
With over 125 years of vehicle manufacturing expertise, Magna has established a global network of partners and suppliers. The company has developed more than 40 complete vehicles and derivatives and produced more than 4 million vehicles.
To learn more about Magna’s complete vehicle capabilities, visit www.magna.com/products/complete-vehicles/ .
INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
[email protected] │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
[email protected] │ 248.761.7004
ABOUT MAGNA INTERNATIONAL
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 164,000 employees across 338 manufacturing operations and 106 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/550039f8-00e7-4ec7-b315-15cd35239880
