# LG and Magna sign joint venture agreement for e-powertrain

LG Electronics and Magna International signed a joint venture agreement to form LG Magna e-Powertrain, headquartered in Incheon, South Korea. The JV will manufacture e-motors, inverters and on-board chargers for electric vehicles.

- Type: Partnership
- Announced: 2021-07-28
- Where: Incheon, South Korea, South Korea
- Status: announced
- Products: e-motors, inverters, on-board chargers, e-drive systems
- 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)
- [LG Magna e-Powertrain](https://endata.com/companies/56721.md) (partner)

## Sources

- [magna.com](https://www.magna.com/company/newsroom/releases-archive/release/2021/07/28/news-release---lg-and-magna-sign-joint-venture-agreement-and-announce-leadership-team), 2021-07-28: "Partnering with Magna enables LG to scale-up its global production, provide additional business opportunities and offer synergies in procurement and technological innovation."

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