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Charged EV | LG Electronics and Magna Announce Powertrain Joint Venture

LG Electronics and Magna Announce Powertrain Joint Venture

Post NS Tom Spendrab & Submit below Newswire, Technology..

LG Electronics When Magna International We have established a joint venture to manufacture electronic motors, inverters, and in-vehicle chargers. The new company, LG Magna e-Powertrain, will be headquartered in Incheon, South Korea and will have more than 1,000 employees in the United States, South Korea and China.

Powertrain development is based on Magna’s electric powertrain system and LG’s e-motor and inverter components.

“By partnering with Magna, LG can expand global production, offer additional business opportunities and provide synergies between procurement and innovation,” said Chung, CEO of LG Magna e-Powertrain. Wonsk says.

sauce: Magna

https://chargedevs.com/newswire/lg-electronics-and-magna-announce-powertrain-joint-venture/ Charged EV | LG Electronics and Magna Announce Powertrain Joint Venture

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