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e-drives

LG and Magna sign joint venture agreement and announce leadership team

Aug 4, 2021

Business, Tech News

e-drives, e-motors, electric vehicles, electrification, joint venture, LG, Magna

Mark Ko

LG Electronics (LG) and Magna International Inc. (Magna) have signed the transaction agreement, which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea and will be led by a strong management team. Leading the new company will be CEO Cheong Won-suk, a…