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Month: December 2020

Magna, LG forming joint venture to supply EVs

Magna, LG forming joint venture to supply EVs

The new company, called LG Magna e-Powertrain, will immediately supply General Motors and Jaguar Land Rover, with an eye to land business from more automakers. “From our viewpoint, electrification is a sustainable trend going forward,” incoming Magna CEO Swamy Kotagiri said.