LG Electronics and Magna to form joint venture LG Magna e-Powertrain

LG Electronics and Magna International will establish a joint venture, LG Magna e-Powertrain, with an investment of US$1 billion to produce electric motors, inverters and on-board chargers for electric vehicles. LG will own 49% and Magna 51%.

“LG Electronics and automotive supplier Magna International will establish a joint venture, tentatively named LG Magna e-Powertrain, with an investment of US$1 billion to produce electric motors, inverters and on-board chargers.”haythink.com

• 1 source
• haythink.comLG And Magna Set Up A Joint Venture To Produce Core Components For Electric Vehicles: Electric Motors And Inverters - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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