Thursday, May 13, 2021
News LG And Magna International Join Forces To Develop An EV Powertrain

LG And Magna International Join Forces To Develop An EV Powertrain

Both of these companies know a thing or two about cars and technologies and we can expect impressive results


  • The LG Magna e-Powertrain should launch in July of 2021.

  • LG launched its VS (Vehicle component solutions) project in 2013.

  • It is this asset that will form the joint venture with Magna.


The race to get EVs into world markets is forging new companies and alliances on a regular basis. This joint venture between LG Electronics and Canada’s own Magna International was announced very recently however the official approval by shareholders will only occur in March of 2021.

To give us all an idea as to how advanced and prepared these companies are, the LG Magna e-Powertrain is scheduled to launch in July of 2021, or about four months after the formation of the new company.

Said new company will be split between LG and Magna 51/49. LG brings to the table technological and manufacturing competitiveness in key EV powertrain components such as motors and inverters. Magna, meanwhile, is world-renown for its engineering feats, its integrated system design, and innovative testing of powertrains.

“We can expect the joint venture to secure new contracts from Magna and a variety of other clients,” the company told Hankyoreh, explaining its decision to “focus more on EV powertrains and increase its competitiveness.”

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Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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