# Magna and LG to launch EV powertrain joint venture in July 2021

LG Electronics and Magna will launch their new joint venture, LG Magna e-Powertrain, in July 2021. LG will own 51% and Magna will acquire a 49% stake.

- Type: Partnership
- Announced: 2021-06-22
- Status: announced
- Products: EV powertrain
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5261389/magna-lg-to-launch-ev-powertrain-joint-venture-in-july-2021), 2021-06-22: "LG Electronics and Magna will launch their new joint venture (JV), LG Magna e-Powertrain, in July"

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