LG and Magna enter joint venture agreement to expand in powertrain electrification market

LG Electronics and Magna International Inc. announced a joint venture to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification. The new company, tentatively called LG Magna e-Powertrain, marries Magna’s strength in electric powertrain systems and…