Production facility announced for BMW hybrid
Magna International announced that the new BMW 530e iPerformance, a plug-in hybrid, will be produced at Magna's contract manufacturing plant in Graz, Austria, starting in the summer of 2017. The news comes not long after it was announced that the Jaguar I-PACE, another electrified vehicle, will also be manufactured at the facility.
"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 2017 and will commence production of the Jaguar I-Pace, Jaguar’s first electric car, in the first quarter of 2018.