EV powertrain Archives | Be Korea-savvy

LG’s EV Powertrain Joint Venture with Magna Sets Sail

SEOUL, July 1 (Korea Bizwire) — LG Electronics Inc.’s electric vehicle (EV) powertrain joint venture with Canadian auto parts maker Magna International Inc. was launched Thursday as the tech giant eyes to expand its presence in the future mobility industry. LG Magna e-Powertrain Co. was established after LG spun off its EV parts business covering [...]

LG, Magna in Final Phase to Launch EV powertrain Joint Venture

SEOUL, June 21 (Korea Bizwire) — LG Electronics Inc. and Canadian auto parts maker Magna International Inc. are in the final phase of launching their electric vehicle (EV) powertrain joint venture next month, industry insiders here said Monday, as they review board member appointment plans for the new company. The South Korean tech giant is [...]