$XPeng (XPEV.US)$ A new report states that Austria-based contract manufacturer Magna Steyr is on the cusp of securing two new customers in Xpeng Motors and GAC Motor Co. As a result of the reported deal, those Chinese automakers would have an avenue around additional tariffs on imports imposed by the EU, while Magna Steyr gains some much-needed EV manufacturing on its Austrian assembly lines. Magna Steyr is an...
SoundOfMusic
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The current spare production capacity of Magna is 130,000 cars per year. Xpeng could produce 65K cars, taking half of the available capacity. How fast can it come online? 2H of 2025?
Between 2019 and 2024, Hwa Tai revenue grew at 8% CAGR. This increase can largely be attributed to strategic market expansion, digital transformation, new product innovation, and sustainability initiatives. While Hwa Tai has seen steady revenue growth, its high operating costs, competitive pressures, financial obligations, and supply chain challenges have led to continued net losses. As such you should not be surprised to see that it is...
A new report states that Austria-based contract manufacturer Magna Steyr is on the cusp of securing two new customers in Xpeng Motors and GAC Motor Co. As a result of the reported deal, those Chinese automakers would have an avenue around additional tariffs on imports imposed by the EU, while Magna Steyr gains some much-needed EV manufacturing on its Austrian assembly lines.
Magna Steyr is an...
While Hwa Tai has seen steady revenue growth, its high operating costs, competitive pressures, financial obligations, and supply chain challenges have led to continued net losses. As such you should not be surprised to see that it is...
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