Canadian-Korean JV to build large EV motors facility in Hungary

Mike Hayes Consultant Editor, Construction Europe / KHL Content Studio

11 September 2023

LG Magna e-Powertrain has announced plans to build an electric motors manufacturing facility in Hungary.

The Canadian-Korean joint venture company, formed in 2021 by electronics giant LG Electronics and global automotive supplier Magna, announced the expansion of its operations ahead of IAA Mobility 2023, the world’s largest motor show, held in Munich, Germany.

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