LG Magna e-Powertrain to establish a factory in Miskolc

LG Magna e-Powertrain, a joint venture between South Korea's LG and Canada's Magna, will establish its first European factory in Miskolc. Here, various equipment and parts for electric cars, various components of electric motors, as well as on-board chargers and inverters will be produced. The HUF 20 billion investment will create 200 new jobs in the northern Hungarian town.