LG Magna e-Powertrain celebrates groundbreaking of new facility in Mexico

LG Magna e-Powertrain, a joint undertaking (JV) in between LG Electronics (LG) and Magna Worldwide Inc. (Magna), celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico. Scheduled for completion in 2023, the new facility will make inverters, motors, and on-board chargers to support Normal Motors’ electrical car or truck (EV) manufacturing. The 260,000 sq. foot plant will be LG Magna e-Powertrain’s to start with generation base in North America and is expected to make about 400 new work opportunities.

“Strengthening our JV’s skill to build and create superior EV sub-assemblies, the Ramos site signifies a person of the essential pillars of LG’s long-expression strategy to grow to be the automobile industry’s go-to innovation partner,” reported Eun Seok-hyun, president of the LG Car or truck element Options Corporation.

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LG Magna e-Powertrain Joint Enterprise – Creating Rendering – Overhead

“This new facility demonstrates the continuing progress of LG Magna e-Powertrain,” mentioned Cheong Gained-suk, chief government officer of LG Magna e-Powertrain. “The JV’s ongoing good results will enable us to far better help our shoppers with finest-in-course parts for the following era of electric powered automobiles, and aid us to increase our existence in the rapid-developing worldwide EV current market.”

The groundbreaking party, which took location on April 19, was attended by executives from LG Magna e-Powertrain, LG Electronics, Magna, Basic Motors and local authorities officers.

“In the area of just over a single calendar year, we’ve extra an expansion settlement, determined a strategic locale to assist our client, and are now in the approach of noticing our plans,” reported Tom Rucker, president of Magna Powertrain. “The making of a new facility is a correct testomony to the toughness of this collaboration and dedication in offering revolutionary alternatives to prospects to meet up with their challenges. It also reinforces our lively participation in the electrification transformation whether by eDrive sub devices or comprehensive devices.”

Standard Motors is the foundational customer for the new facility, and it will engage in a critical function in GM’s journey to develop a strong, scalable, sustainable and North America-centered EV source chain.

First declared in late 2020, LG Magna e-Powertrain combines LG’s abilities in building parts for motors, inverters, and on-board chargers with Magna’s prowess in electric powered powertrain devices and automotive production. The joint venture is predicted to fuel the two companies’ progress in the extremely competitive EV field.