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Magna Steyr Will Build BMW 5 Series Hybrid
Contract assembler Magna Steyr says it will begin to assemble the plugin hybrid version of BMW AG’s 5 Series sedan beginning this summer.
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Contract assembler Magna Steyr says it will begin to assemble the plugin hybrid version of BMW AG’s 5 Series sedan beginning this summer.
The Magna International Inc. unit will make the 530e car at its huge manufacturing complex in Graz, Austria. The same facility is preparing to make Jaguar Land Rover Ltd.’s Jaguar I-Pace electric SUV beginning next year.
Swamy Kotagiri, Magna’s chief technology officer, tells Reuters that the company perceives short-term opportunity to make such vehicles as carmakers begin to electrify the powertrains of roughly half the vehicles they make by 2025.
Magna Steyr’s plant has capacity to make about 200,000 cars per year. The facility also produces the conventionally powered BMW Mini Countryman wagon and Mercedes-Benz G-Wagen SUV.
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