Magna sees its JV with LG as gateway to emerging electric market

The impending partnership, to be called LG Magna e-Powertrain, is expected to close in the second quarter of 2021, pending regulatory and shareholder approvals. (Magna International)

February 01, 2021 05:00 AM

Foreseeing a worldwide surge in sales of electric vehicles and hybrids in the next decade, Magna International is betting on its powertrain business to help catapult the Aurora, Ont.-based global supplier into an electrified future.

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