LG and Magna form electric car components joint venture - search results
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The joint venture, temporarily called LG Magna e-Powertrain, will manufacture electric motors, inverters and on-board chargers
. . LG Electronics will set up a joint venture with the world's third largest auto parts maker, Magna International, to increase the competitiveness of its vehicle components business, the company said on Wednesday. The planned company with the provisional name "LG Magna e-Powertrain Co" will be founded in July 2021. The company will be headquartered in Incheon, west of Seoul, and around 1. 000 employees. A. . .