Editor’s note: An earlier version of this story incorrectly described where final assembly of EVs must take place for a vehicle to qualify for U.S. tax credits. Final assembly must occur in North America.
Magna Steyr, the Austria-based contract manufacturer owned by Canada's Magna International Inc., is considering opening a plant in the U.S.
"We want to enter the U.S. market. We are intensively looking for a location right now," Magna Steyr's vice president, Kurt Bachmaier, told Automotive News affiliate Automobilwoche.