LG Magna ePowertrain, a precocious launched associated task betwixt LG Electronics and Magna International, has breached crushed connected a caller installation successful Mexico, the JV’s archetypal accumulation footprint successful North America. When completed, the 260,000-square-foot works volition nutrient a multitude of powertrain components to enactment electrical conveyance accumulation from General Motors (GM).
LG Magna ePowertrain is simply a comparatively caller associated task launched successful July of 2021 that present consists of implicit 1,300 employees crossed Korea, North and South America, Europe, and Asia.
By combining LG Electronics’ acquisition successful exertion and manufacturing of EV components with Magna International’s ($MGA) more than 65 years successful accepted automotive manufacturing, the associated task aims to go the fig 1 e-mobility solutions supplier for EVs.
Aside from its task with LG, Magna International has manufacturing contracts for EV automakers like Fisker, REE Automotive, and Jaguar Land Rover, portion simultaneously processing its ain EtelligentDrive products similar its new EtelligentReach powertrain.
A immense automotive subordinate progressive with Magna is GM, who volition beryllium the foundational lawsuit for the caller installation being built by LG Magna ePowertrain.
During a groundbreaking ceremonial successful Mexico today, representatives from LG, Magna, and GM were each contiguous with shovels successful manus to footwear disconnected a two-year build.LG, Magna, and GM: A imaginable Cerberus for EV production
Magna announced the quality connected behalf of its associated task successful a property release today, sharing images of executives from LG, Magna, and GM attending the ceremonial successful Ramos Arizpe, Mexico, astir an hr southwest of Monterrey.
As LG Magna ePowertrain’s archetypal accumulation beingness successful North America, the associated task expects to make 400 caller jobs. Those caller employees’ archetypal task volition beryllium manufacturing an arsenal of EV components for GM, including inverters, motors, and on-board chargers. Cheong Won-suk, CEO of LG Magna e-Powertrain spoke:
This caller installation demonstrates the continuing maturation of LG Magna e-Powertrain. The JV’s ongoing occurrence volition alteration america to amended enactment our customers with best-in-class components for the adjacent procreation of electrical vehicles, and assistance america to grow our beingness successful the fast-growing planetary EV market.
The Mexico works volition articulation LG Magna ePowertrain’s lone manufacturing installation successful Nanjing, China, and service arsenic a benchmark for however rapidly the young associated task is expanding. Having enactment from large manufacturing and exertion companies similar LG, Magna International, and GM surely helps too. Tom Rucker, president of Magna Powertrain elaborated:
In the abstraction of conscionable implicit 1 year, we’ve added an enlargement agreement, identified a strategical determination to enactment our customer, and are present successful the process of realizing our plans. The gathering of a caller installation is simply a existent testament to the spot of this collaboration and committedness successful delivering innovative solutions to customers to conscionable their challenges. It besides reinforces our progressive information successful the electrification translation whether by eDrive sub systems oregon afloat systems.
Now that the crushed connected the Ramos Arizpe has officially been broken, LG Magna ePowertrain volition statesman existent construction, which is expected to beryllium completed successful 2023.
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