04
Sep
20:22
LG-Magna joint venture to build new plant in Hungary
The joint venture between LG Electronics and Magna, LG Magna e-Powertrain, will build its first facility in Europe as demand for EV components rises in the region, Kallanish reports.
The 284,000-square-foot facility will be located in Miskolc, Hungary and produce e-motors from 2026. Construction at the Miskolc’s industrial area is set to complete in 2025. The JV plans to later add production of a suite of electrified powertrain solutions, although further d…
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Anonymous
Very good overview of the weekly steel market.
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