How Home Charging Is Enhancing the Electric Car Experience

More

Faraday Future Launches Limited Edition FF 91 2.0 For $309K

More

Kia EV9n to feature 800V ultra-fast charging and up to 541km of range

More

BMW i5 arrives with up to 601 hp and 582 km range

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

LG Magna e-Powertrain Breaks Ground on of New Facility in Mexico. New manufacturing plant to produce electric powertrain components for General Motors.

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna International Inc. (Magna), celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico.

Scheduled for completion in 2023, the new facility will produce inverters, motors, and on-board chargers to support General Motors’ electric vehicle production. The 260,000 square foot plant will be LG Magna e-Powertrain’s first production base in North America and is expected to create around 400 new jobs.

“Strengthening our JV’s ability to develop and produce advanced EV sub-assemblies, the Ramos site represents one of the key pillars of LG’s long-term strategy to become the auto industry’s go-to innovation partner,” said Eun Seok-hyun, president of the LG Vehicle component Solutions Company.

“This new facility demonstrates the continuing growth of LG Magna e-Powertrain,” said Cheong Won-suk, chief executive officer of LG Magna e-Powertrain. “The JV’s ongoing success will enable us to better support our customers with best-in-class components for the next generation of electric vehicles, and help us to expand our presence in the fast-growing global EV market.”

The groundbreaking event, which took place on April 19, was attended by executives from LG Magna e-Powertrain, LG Electronics, Magna, General Motors and local government officials.

“In the space of just over one year, we’ve added an expansion agreement, identified a strategic location to support our customer, and are now in the process of realizing our plans,” said Tom Rucker, president of Magna Powertrain. “The building of a new facility is a true testament to the strength of this collaboration and commitment in delivering innovative solutions to customers to meet their challenges. It also reinforces our active participation in the electrification transformation whether by eDrive sub systems or full systems.”

General Motors is the foundational customer for the new facility, and it will play a key role in GM’s journey to build a strong, scalable, sustainable and North America-focused EV supply chain.

First announced in late 2020, LG Magna e-Powertrain combines LG’s expertise in developing components for motors, inverters, and on-board chargers with Magna’s prowess in electric powertrain systems and automotive manufacturing. The joint venture is expected to fuel both companies’ growth in the highly competitive EV industry.

Apr 22, 2022Blagojce Krivevski
Penske Truck Leasing orders 750 all-electric Ford E-Transit cargo vansFord Pro to reveal second electric commercial vehicle next month
You Might Also Like
 
BMW Invests €800M In Mexico Plant For EV Production And New Battery Plant
 
Magna to expand Ontario operations to make battery enclosures for F-150 Lightning
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

April 22, 2022 Electric Car NewsLG, LG Magna e-Powertrain, magna, Mexico
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Citroen “Ami For All” Is A New Mobility Solution For People Lower Limb Disabilities
June 6, 2023
Volvo Cars reports May global deliveries, EV sales up 196% year-on-year
June 6, 2023
Daimler Buses launches new subsidiary with focus on designing and building e-infrastructure
June 6, 2023
In one year, the number of electric taxis at Denmark’s largest taxi company has increased by 75%
June 6, 2023
UK: All-electric vehicles take 16.9% market share in May
June 5, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Citroen “Ami For All” Is A New Mobility Solution For People Lower Limb Disabilities
June 6, 2023
Volvo Cars reports May global deliveries, EV sales up 196% year-on-year
June 6, 2023
Daimler Buses launches new subsidiary with focus on designing and building e-infrastructure
June 6, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.