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LG Magna turns profitable in 1Q26 on EV motor push

Chiang Cheng-yu, Seoul
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Credit: LG Magna

LG Magna e-Powertrain returned to profit in the first quarter of 2026 as higher utilization at its Mexico plant lifted performance. Facing the rapid rise of China's electric vehicle (EV) supply chain and intensifying global competition, the company plans to...

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