◂ Announcements

Jan 7, 2021ACQUISITION

LG and Magna to form $1 billion EV parts joint venture

LG Electronics will spin off part of its EV components business and form a $1 billion joint venture with Magna International, with LG holding 51% and Magna 49%.

Value

$1.00B

Status

Announced

Productselectric vehicle components

CompaniesLG Electronics Magna International partner

Sectors#Automotive Components

“LG Electronics will spin off part of their electric vehicle components business and set up a $1bn joint venture with Magna International”drivingvisionnews.com

1 source
drivingvisionnews.comLG, Magna in Restructure-Borne Joint Venture - DVNPhilippe AumontJan 7, 2021

Summarized from public sources; check the original articles before acting on it.

More from LG Electronics

profile ▸

Nov 6, 2026NEW FACILITYSri City, Andhra Pradesh, Indiaops Nov 2026
LG Electronics to start operations at new Sri City factory in Andhra Pradesh
LG Electronics businesstoday.in
Nov 5, 2026EXPANSIONPyeongtaek and Changwon, South Korea
LG Electronics expands chiller production in South Korea
LG Electronics thermalcontrolmagazine.com
Nov 5, 2026NEW FACILITYWindsor, Virginia, United States$110.0Mops Q3 2027
LG Electronics to build chiller plant in Virginia, US
LG Electronics thermalcontrolmagazine.com endata.com
Sep 30, 2026NEW FACILITYIsle of Wight County, Virginia, United States$63.9M164 jobs
LG Electronics to build $63.9M chiller plant in Isle of Wight County, Virginia
LG Electronics goveda.org
Sep 10, 2026CONTRACTLeidscherk, near Rotterdam, Netherlands
LG Electronics supplies heat pumps for 102-unit apartment complex in Netherlands
LG Electronics Wooncompas customer en.edaily.co.kr en.etnews.com
Aug 13, 2026NEW FACILITYFazenda Rio Grande, Paraná, Brazil$280.0M
LG opens R$1.5B refrigerator factory in Fazenda Rio Grande, Brazil
LG Electronics bluestudio.estadao.com.br

Loading…

LG and Magna to form $1 billion EV parts joint venture · Endata