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related e-drive systems to support the growing global shift toward vehicle electrification. The new company

LG AND MAGNA ENTER JOINT VENTURE AGREEMENT TO EXPAND IN POWERTRAIN ELECTRIFICATION MARKET

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The FINANCIAL -- LG Electronics (“LG”) and Magna International Inc. (“Magna”) announced a joint venture (JV) 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…