IAA Mobility 2023: LG Magna e-Powertrain announces a new plant in Hungary
Scheduled for completion in 2025, the new facility will start production with e-motors and plans to offer a suite of electrified powertrain solutions in the future
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna, announced at the ongoing Internationale Automobil-Ausstellung (IAA) Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary.
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