LG And Magna Break Ground On Mexican Plant To Build Parts For GM's EVs | Carscoops carscoops
notes that the factory is expected to be up and running by 2023. It isn’t known how much LG and Magna are investing to build the facility but it’s located in the same city where General Motors will start building EVs in its existing factory, also from 2023. Among the models expected to be built here will be theChevrolet Previews $30,000 Equinox EV Launching In 2023, Confirms Electric Blazer Too
“In the space of just over one year, we’ve added an expansion agreement, identified a strategic location to support our customers, and are now in the process of realizing our plans,” Magna Powertrain president Tom Rucker said in a statement. “The building of a new facility is a true testament to the strength of this collaboration and commitment in delivering innovative solutions to customers to meet their challenges.
“The JV’s ongoing success will enable us to better support our customers with best-in-class components for the next generation of electric vehicles, and help us to expand our presence in the fast-growing global EV market,” LG Magna chief executive Cheong Won-suk added.
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