# 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.

- Type: Expansion
- Announced: 2022-06-29
- Where: Nanjing, China
- Value: $78.0M
- Status: announced
- Products: EV motors, inverters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LG Magna e-Powertrain](https://endata.com/companies/56721.md)
- [Magna International](https://endata.com/companies/2534.md) (investor)
- [LG Electronics](https://endata.com/companies/11457.md) (investor)

## Sources

- [kedglobal.com](https://www.kedglobal.com/electric-vehicles/newsView/ked202206290023), 2022-06-30: "It was necessary to secure production capacity in advance as EV demand has been rapidly increasing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.