- Demonstrates Magna's vehicle electrification expertise
- Builds on a strategic partnership that has been in place for more than 15 years
- Adds second electrified vehicle program to line-up in Graz
SAILAUF, Germany, June 19, 2017 /PRNewswire/ - BMW's new
530e plug-in hybrid will be produced at Magna's contract manufacturing plant in Graz, Austria,
starting in summer 2017. As a contract manufacturing partner for two premium electrified vehicles – the BMW 530e and the
previously awarded Jaguar I-PACE – Magna's Graz facility is demonstrating its value proposition
to its customers.
This vehicle program further demonstrates the trust BMW places in Magna's expertise in contract manufacturing and electrified
products. Production of the new BMW 5 Series marks the successful continuation of the strategic partnership between the BMW Group
and Magna that started over 15 years ago. The first BMW produced in Graz, an X3 SUV, rolled off
the assembly line in Graz in 2003.
"We are excited to be adding another electrified vehicle architecture to our line-up," said Guenther Apfalter, President
Magna Steyr. "Vehicle electrification is a growing trend in the industry and, with our
complete vehicle know-how, we are in a great position to help our customers meet the demands."
Magna started the split production on the BMW 5 Series sedan in March of this year and will commence production of the Jaguar
I-Pace, their first electric car, in the first quarter of 2018. This year the company celebrates a milestone of more than three
million vehicles produced in total for various automakers over the life of the plant in Graz.
TAGS
Contract manufacturing, electrification, BMW 5 series, Jaguar I-PACE
ABOUT MAGNA
We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales
centres in 29 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative
products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise,
as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision,
closure and roof systems and have electronic and software capabilities across many of these areas. Our common shares trade on the
Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at
www.magna.com.
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SOURCE Magna International of America Inc.