Magna International Inc has announced that the new BMW 530e plug-in hybrid will be produced at the company’s contract manufacturing plant in Graz, Austria, beginning in summer 2017. The BMW 530e plug-in hybrid becomes the second electrified vehicle program to be manufactured out of the facility, besides the Jaguar I-PACE.
Magna began split production on the BMW 5 Series sedan in March this year, and will start production of the Jaguar I-Pace in the first quarter of 2018. Additionally, in 2017, 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.
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 company noted. The first BMW produced in Graz was an X3 SUV, which rolled off the assembly line in 2003.
Guenther Apfalter, President, Magna Steyr, said the company is excited to be adding another electrified vehicle architecture to its line-up. Vehicle electrification is a growing trend in the industry and, with Magna’s complete vehicle know-how, it is in a great position to help customers meet demands, he added.