The automotive market is experiencing a great change due, in large part, to the arrival of electric cars . This real revolution is also changing the balance at stake with China which is becoming increasingly more important globally.
Chinese car manufacturers today are increasingly looking at interest in Europe where they intend to carve out their own space. Over the course of the year we have seen several Chinese brands debut in the Old Continent and others will arrive in the coming months. This "invasion" as some define it, it also involves a series of strategic investments. Some brands, in fact, are thinking of producing cars intended for this market in Europe.
This is a big change, considering that until recently it was Western manufacturers who focused on China to produce their cars, taking advantage of more favorable market conditions. favorable. And speaking precisely of the possibility that cars of Chinese brands are produced in the Old Continent, Automotive News Europe reports the news that Magna International is in negotiationswith some Chinese car manufacturers to produce some of their models.
In particular, the cars should be produced at the Magna Steyr plants in Graz, Austria which are currently not fully exploiting their capacity. productive. However, the company does not exclude the possibility that a new plant be built.
For Magna International, this would not be the first agreement with Chinese car manufacturers. In fact, already produces cars for the Chinese market for BAIC at a facility in the country operated by a joint venture with the brand. In any case, the company makes it known that it will evaluate carefully the financial situation of each possible partner given that “only one in ten of the new entrants into the market has the potential to be successful”.
All that remains is to wait to understand if indeed Chinese cars will be produced within the Magna Steyr facility in Graz.
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