Contract producer Magna Steyr plans US EV plant


Magna Steyr, an Austrian contract producer and engineering agency owned by Canadian automotive provider Magna Worldwide, needs to ascertain an electrical automobile plant within the U.S. and is on the seek for a location, Kurt Bachmaier, the corporate’s vp, informed Automobilwoche (subscription required) in an interview printed final week.

Whereas he did not point out a location shortlist, he stated a windy and sunny location is essential as the corporate needs the plant to run on renewable vitality. He additionally dominated out California as a possible candidate.

Magna Steyr has been contemplating a U.S. plant for years, however there’s now additional emphasis with the latest passing of the Inflation Discount Act which requires EVs to now be in-built North America to high quality for tax credit ranging as much as $7,500. It means automakers will likely be trying to construct extra EVs within the area, and a contract producer like Magna Steyr might provide a versatile resolution.

Magna Steyr already builds the Jaguar I-Tempo at its essential plant in Graz, Austria, and beginning later this 12 months it would construct the Fisker Ocean. Each EVs will miss out on the tax credit score below the brand new rule. Magna Steyr additionally builds the G-Class for Mercedes-Benz and can possible construct the EQG electrical model due round 2024.

Magna Steyr is not the one contract producer with eyes on the U.S. Foxconn, the Taiwanese firm that focuses on manufacturing electronics below contract, together with iPhones for Apple, just lately expanded into manufacturing automobiles. And final October it agreed to buy a former Basic Motors plant in Ohio, which it would use to construct Fisker’s Challenge PEAR and the Lordstown Endurance.


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