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Intelligent Commentary on the Automobile Business and its Positive or Negative Social and Economic Effects
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 →