# 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.

- Type: Partnership
- Announced: 2021-07-28
- Where: Incheon, South Korea, South Korea
- Status: announced
- Products: electric motors, inverters, onboard chargers, e-drive systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LG Magna e-Powertrain](https://endata.com/companies/56721.md)
- [Magna International](https://endata.com/companies/2534.md) (partner)
- [LG Electronics](https://endata.com/companies/11457.md) (partner)

## Sources

- [autovista24.autovistagroup.com](https://autovista24.autovistagroup.com/news/magana-magnifies-automotive-position-with-acquisition-and-joint-venture/), 2021-07-30: "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.