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World News – CA – LG and Magna Announce Electric Car Equipment Joint Venture

The joint venture, temporarily called LG Magna e-Powertrain, will manufacture electric motors, inverters and on-board chargers

World News – CA – LG Electronics establishes joint venture with Magna

. . 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. . .