LG Magna to invest $78M in Nanjing EV parts plant expansion

LG Magna e-Powertrain Co. will invest $78 million to expand capacity at its Nanjing, China plant that manufactures EV components such as motors and inverters, to meet growing demand.

“It was necessary to secure production capacity in advance as EV demand has been rapidly increasing.”kedglobal.com

• 1 source
• kedglobal.comLG Magna to spend $78 mn on China capacity expansion - KED GlobalJi-Eun JeongJun 30, 2022

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