LG Magna e-Powertrain expands footprint with new plant in Hungary to cater to European EV market

Strategically located near OEM customers and other Magna facilities, the new facility will start production in 2025 with e-motors and plans to offer a suite of electrified powertrain solutions, including inverters and on-board chargers for the growing EV market.

04 Sep 2023 | 5620 Views | By Autocar Pro News Desk

LG Magna e-Powertrain, the joint venture between LG Electronics and Magna formed in 2021, announced at IAA Mobility 2023 today that it is expanding its footprint with a new facility in Miskolc, Hungary.

The facility will be in Miskolc’s industrial area which features well-developed infrastructure and is strategically located ...

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