Electric vehicles, said president of Magna: Magna (Magna) electric car battery factory site will be within two weeks of selection between Spain and Austria.
The report quoted Magna Electric Vehicle Systems CEO Peter Reif saying that Magna is working with an electric car partnerships in the final stages of negotiations, the two companies in the electric vehicle battery joint venture factory site may be announced by the end of August.
The media also said that Magna may be the Japanese partner Mitsubishi Motors. Currently, Mitsubishi Motors is considering investing in Vigo, Spain 400 million euros (about 512 million euros) to set up a battery factory. Therefore, the media speculated that Magna electric battery plant will be the final location in Spain.
