Earlier this week, the joint venture LG Magna e-Powertrain broke ground on their new Ramos Arizpe, Mexico plant.
The Ramos Arizpe location is no accident. As the joint venture will supply the nearby General Motors plant with motors, inverters and onboard chargers..
The GM plant is transitioning to EVs in 2023, the same year that the LG Magna e-Powertrain plant comes online.
Although GM has yet to confirm the exact models. The rumours are that the GM plant will produce both the all-electric Chevy Blazer and Equinox SUV in 2023. In addition, the GM plant will also produce a Honda electric SUV in 2024.
Tom Rucker, President of Magna Powertrain, has this about the new plant.
In the space of just over one year, we’ve added an expansion agreement, identified a strategic location to support our customer, and are now in the process of realizing our plans. The building of a new facility is a true testament to the strength of this collaboration and commitment in delivering innovative solutions to customers to meet their challenges.
LG Electronics and Magna International formed LG Magna e-Powertrain in July 2021. It combines LG’s expertise in developing components with Magna’s skills in developing electric powertrain systems.
The 260,000 square foot plant is the joint venture’s first production plant in North America.