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Posts Tagged: LG Magna e-Powertrain

LG Magna e-Powertrain breaks ground on new EV component plant in Mexico

Executives from LG Magna e-Powertrain, LG Electronics, Magna, GM, and local government officials gathered together to break ground at LG Magna e-Powertrain’s new plant in Ramos Arizpe, Mexico. The new facility will be the company’s first production base in North America. The 260,000-square-foot plant will be complete by 2023, and will begin producing inverters, motors… Read more »

LG Electronics and Magna announce powertrain joint venture

LG Electronics and Magna International have established a joint venture to manufacture e-motors, inverters and on-board chargers. The new company, LG Magna e-Powertrain, will be headquartered in Incheon, South Korea, and is expected to have more than 1,000 employees in the US, South Korea and China.  Powertrain development will be based on Magna’s electric powertrain… Read more »