LG Electronics and Magna International JV LG Magna e-Powertrain gets EU approval

The European Commission approved the joint venture between LG Electronics and Magna International, tentatively called LG Magna e-Powertrain. LG will hold 51% and Magna 49%, with headquarters in Incheon, South Korea. The JV will produce EV powertrains and is set to launch in July 2021.

“The European Commission (EC) gave its approval on the establishment of a joint venture between South Korean electronics manufacturer LG Electronics Inc and Canadian auto parts maker Magna International Inc on May 25.”dtnext.in

• 5 sources
• dtnext.inLG Electronics, Magna International joint venture gets EU nod, set for July launchPTIMay 31, 2021
• just-auto.comLG Magna e-Powertrain Company to be established on 1 July - Just AutoGraeme RobertsJun 21, 2021
• thelec.netLG and Magna’s joint venture has rocky start < IT·Gaming < 기사본문 - The Elec Inc.Yang Tae HoonJul 27, 2021
• businesskorea.co.krLG Electronics Sells 49% Stake in LG Magna e-Powertrain to Magna International - BusinesskoreaKim Eun-jinJul 29, 2021
• economx.huVillanymotorgyártásban fuzionál az LG és a Magna | EconomxSzabó DánielAug 5, 2021

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