Magna-LG to provide parts for General Motors electric vehicles

Magna International and LG Electronics are building a factory in Ramos Airzpe, Mexico that will supply electric vehicle parts to General Motors by 2023.

The plant, which is being constructed by the LG Magna e-Powertrain joint venture, will make EV motors, inverters, and onboard chargers.

The automaker said a year ago that it was preparing to invest over $1 billion in its Ramos Arizpe assembly plant, which will start building EVs in 2023.

GM’s Ramos Arizpe plant presently builds the gasoline-powered Chevrolet Equinox and Blazer SUVs.

The automaker did not mention where it plans to build the new electric versions of the vehicles mentioned above. They are due to start production in 2023.

LG Magna e-Powertrain said its new factor will be the joint venture’s first production base in North America and it can create 400 jobs.