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New LG and Magna Joint Venture in Powertrain Electrification
The new company, tentatively called LG Magna e-Powertrain, is said to combine Magna’s strength in electric powertrain systems and automotive manufacturing with LG’s expertise in component development for e-motors and inverters. The stated goal is to hasten both partners’ growth in the electric powertrain market. The market for e-motors, inverters and electric drive systems is expected to have significant growth between now and 2030, and the JV will target this fast-growing global segment.The question in AutoInformed’s opinion is to how many electrification parts and services will be brought in-house by automakers and how much will go to suppliers? Continue reading →