LG Magna e-Powertrain Expands Footprint with New Facility in Hungary

The 284,000-square foot facility will be LG Magna e-Powertrain’s first production operations in Europe and, at initial start of production in 2026, the company expects to create roughly 200 new jobs.

“Adding the new Hungary facility marks another milestone for the JV in executing its growth plan,” said Diba Ilunga, president of Magna powertrain. “With this new capacity – the JV’s first in Europe - LG Magna e-Powertrain is well positioned to keep pace with customer de-mands and increases in global EV production.”

"Our new facility is a testament to the remarkable growth of LG Magna e-Powertrain, thanks to our strong partnership," said Eun Seok-hyun, president of LG Vehicle compo-nent Solutions (VS) Company. "The new facility aims to meet the demands of European automakers, demonstrating our commitment to delivering innovative solutions to our customers."

As the industry shifts toward vehicle electrification, the JV offers automakers a scalable portfolio including complete component solutions that enable electrification and functionality.

“This new facility seeks to amplify the growth of LG Magna e-Powertrain in the Europe-an market,” said Cheong Won-suk, chief executive officer of LG Magna e-Powertrain. “Along with the facilities in Mexico, China and South Korea, the facility in Hungary will be critical as the company accelerates its position as a go-to mobility solutions partner in the fast-growing global EV market.”

The joint venture combines Magna’s expertise in electric powertrain systems and opera-tional excellence, with LG’s capabilities in component development for e-motors, inverters and on-board chargers. The collaboration in design, engineering and manufacturing happening within LG Magna e-Powertrain allows both companies to capitalize on market trends and address customer needs with innovative solutions.