LG Magna e-Powertrain, the joint venture (JV) between LG Electronics and Magna, is opening a new facility in Miskolc, Hungary.
The 284,000-square-foot plant will be in Miskolc’s industrial sector, which has well-developed infrastructure and is close to OEM customers and Magna operations. Scheduled for completion in 2025, the new facility will start production with e-motors and plans to offer a suite of electrified powertrain solutions, including inverters and on-board chargers for the growing EV market.
“With this new capacity, the JV’s first in Europe, LG Magna e-Powertrain is well positioned to keep pace with customer demands and increases in global EV production,” said Diba Ilunga, President of Magna Powertrain.
Source: Magna
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