Magna has started contract assembly of Tata Motors' Jaguar's new I-Pace electric SUV.
This is the brand's first all electric model.
Go deeper with GlobalData
Magna Steyr said it was the only contract manufacturer building vehicles with different propulsion systems at one plant and on one production line.
It began building the combustion engine E-Pace last year.
Magna expects to build around 200,000 vehicles in Graz this year – four different models for three automakers.
The supplier and contract assembler said in January it expected North American vehicle output to remain steady at 17.4m in both 2018 and 2020 with Europe output at 22.3m in 2018 and 22.9m in 2020.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIt expects Body Exteriors & Structures sales of US$16.6 – $17.4bn in 2018 and $17.3 – $18.3bn in 2020.
The Power & Vision forecast is $11.8 – $12.4bn and $12.5 – $13.3bn respectively.
Seating Systems sales are forecast at $5.3 – $5.7bn and $6.5 – $7.0bn.
For its Magna Steyr contract assembly operation, it expected complete vehicles sales of $US6.0-$6.4bn in 2018 and $6.8-$7.5bn in 2020.
