# LG Magna to supply $600M EV motors to Daimler

LG Electronics, through its upcoming LG Magna e-Powertrain joint venture with Magna, signed a contract to supply approximately $600 million worth of electric vehicle motors to Daimler.

- Type: Contract
- Announced: 2021-04-26
- Where: Germany
- Value: $600.0M
- Status: completed
- Products: electric vehicle motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (partner)
- [Daimler](https://endata.com/companies/3543.md) (customer)
- [LG Electronics](https://endata.com/companies/11457.md) (supplier)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/2604396), 2021-04-26: "LG전자가 이달 다임러에 약 6억달러 규모의 전기차용 모터를 공급하는 계약을 체결한 것으로 알려졌다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.