XPeng Inc. (NYSE:XPEV) has partnered with Magna International Inc. (NYSE:MGA) to assemble two electric vehicle models in Europe. Production is slated to start in the third quarter of 2025. The agreement makes XPeng the first Chinese automaker to localize production at Magna’s facilities on the continent. The EVs will be manufactured at Magna’s plant in Graz, Austria. The move highlights the growing importance of localized production as Chinese automakers expand in Europe. Also Read: XPeng Owners Warned As ...