LG Electronics, Magna to set up $1 billion joint venture to make electric car gear
TORONTO/SEOUL: South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna International Inc. The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics. Source: Reuters, Reporting by Moira Warburton in Toronto, Heekyong Yang […]