Magna and LG form LG Magna e-Powertrain joint venture

Magna International and LG Electronics have signed a joint venture agreement to establish LG Magna e-Powertrain, headquartered in Incheon, South Korea. The JV will develop electric-drive components including motors, inverters, and onboard chargers.

“Partnering with Magna enables LG to scale up its global production, provide additional business opportunities and offer synergies in procurement and technological innovation.”autovista24.autovistagroup.com

• 1 source
• autovista24.autovistagroup.comJD Power Autovista24 - Magna magnifies automotive position with acquisition and joint ventureTom GeggusJul 30, 2021

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