Magnetics Business & Technology - May/June 2021 - 11

FEATURE ARTICLE

Magna and LG Form Joint Venture for e-Powertrains

Aimed at accelerating both partners' growth in the electric powertrain market, the JV enables the two companies to continue
to grow their electric powertrain product offerings by leveraging existing technologies, engineering capabilities and global
footprints.
LG, based in South Korea, has established experience in the
development of electric vehicle components most notably for
the Chevrolet Bolt EV and Jaguar I-PACE. LG will help accelerate Magna's time to market and scale of manufacturing for electrification components, while software and systems integration
are competencies that Magna brings to this venture.

high voltage inverter. The system's power ranges from 60 to 90
kW. Its Mid includes a gearbox, a PSM e-machine with 90-160
kW power and an inverter. It can be utilized as a primary axle
for battery electric vehicles or as a secondary axle for full hybrid
and battery electric vehicles. Its High system is a powerful
electric axle drive. With its 160-250 kW power PSM e-machine,
inverter, and a torque-vectoring optional gearbox to meet the
demands for high performance battery electric vehicles.
Continued on page 12...

" This partnership fully aligns with our strategy of being at the
forefront of electrification and supporting automakers with a
diverse and world-class portfolio, " said Swamy Kotagiri, Magna
president and incoming CEO. " By combining our strengths, we
expect to gain investment efficiency and speed to market with
synergies to achieve more, all while continuing to capitalize on
the acceleration of the electrified powertrain market. "
" Manufacturers need to be disruptive to maintain leadership
positions in electrification and, through this deal, LG is entering
a new phase in its automotive components business, a growth
opportunity with enormous potential, " said Dr. Kim Jin-yong,
president of the LG Electronics Vehicle Component Solutions
Company. " We believe that the combination of our in-house
prowess and the experience and extensive history of Magna
will transform the EV powertrain space faster than if we proceed
alone. " The JV will include more than 1,000 employees located
at LG locations in the US, South Korea and China. The transaction is expected to close in July of 2021.
With three different power
classes, Magna supports
the whole range of vehicle
segments with drive systems for full hybrid and
battery electric vehicles. Its
Highly Integrated eDrive
System Low is a small edrive system that contains
either an ASM or a PSM
e-machine, an integrated
single-speed gearbox and a

www.MagneticsMag.com

Highly Integrated eDrive System
by Magna

May/June 2021 * Magnetics Business & Technology

11


http://www.lakeshore.com/tg http://www.lakeshore.com http://www.MagneticsMag.com

Magnetics Business & Technology - May/June 2021

Table of Contents for the Digital Edition of Magnetics Business & Technology - May/June 2021

Magnetics Business & Technology - May/June 2021
Editor’s Choice/ Features
Major Automakers Transform Their Design & Manufacturing Operations for EV Surge – Part 1 of 2
Top-Tier Automotive Suppliers Transform to Become Fully Integrated e-Powertrain Manufacturers, Part 2 of 2
GE Seeks to Power Canadian Icebreaker Fleet with SEAJET Electric Propulsion Pods
Research & Development
Product News
Industry News
Annual Industry Resource Guide
Events Calendar/ Advertising Index
Perseverance Lands on Mars with maxon Precision Motors Aboard
Visions
Magnetics Business & Technology - May/June 2021 - Cover1
Magnetics Business & Technology - May/June 2021 - Cover2
Magnetics Business & Technology - May/June 2021 - 3
Magnetics Business & Technology - May/June 2021 - Editor’s Choice/ Features
Magnetics Business & Technology - May/June 2021 - 5
Magnetics Business & Technology - May/June 2021 - Major Automakers Transform Their Design & Manufacturing Operations for EV Surge – Part 1 of 2
Magnetics Business & Technology - May/June 2021 - 7
Magnetics Business & Technology - May/June 2021 - 8
Magnetics Business & Technology - May/June 2021 - 9
Magnetics Business & Technology - May/June 2021 - Top-Tier Automotive Suppliers Transform to Become Fully Integrated e-Powertrain Manufacturers, Part 2 of 2
Magnetics Business & Technology - May/June 2021 - 11
Magnetics Business & Technology - May/June 2021 - 12
Magnetics Business & Technology - May/June 2021 - 13
Magnetics Business & Technology - May/June 2021 - 14
Magnetics Business & Technology - May/June 2021 - 15
Magnetics Business & Technology - May/June 2021 - GE Seeks to Power Canadian Icebreaker Fleet with SEAJET Electric Propulsion Pods
Magnetics Business & Technology - May/June 2021 - 17
Magnetics Business & Technology - May/June 2021 - 18
Magnetics Business & Technology - May/June 2021 - 19
Magnetics Business & Technology - May/June 2021 - Research & Development
Magnetics Business & Technology - May/June 2021 - 21
Magnetics Business & Technology - May/June 2021 - Product News
Magnetics Business & Technology - May/June 2021 - 23
Magnetics Business & Technology - May/June 2021 - 24
Magnetics Business & Technology - May/June 2021 - 25
Magnetics Business & Technology - May/June 2021 - 26
Magnetics Business & Technology - May/June 2021 - 27
Magnetics Business & Technology - May/June 2021 - Industry News
Magnetics Business & Technology - May/June 2021 - 29
Magnetics Business & Technology - May/June 2021 - 30
Magnetics Business & Technology - May/June 2021 - 31
Magnetics Business & Technology - May/June 2021 - 32
Magnetics Business & Technology - May/June 2021 - 33
Magnetics Business & Technology - May/June 2021 - Annual Industry Resource Guide
Magnetics Business & Technology - May/June 2021 - 35
Magnetics Business & Technology - May/June 2021 - 36
Magnetics Business & Technology - May/June 2021 - 37
Magnetics Business & Technology - May/June 2021 - 38
Magnetics Business & Technology - May/June 2021 - 39
Magnetics Business & Technology - May/June 2021 - 40
Magnetics Business & Technology - May/June 2021 - 41
Magnetics Business & Technology - May/June 2021 - 42
Magnetics Business & Technology - May/June 2021 - 43
Magnetics Business & Technology - May/June 2021 - Events Calendar/ Advertising Index
Magnetics Business & Technology - May/June 2021 - 45
Magnetics Business & Technology - May/June 2021 - Visions
Magnetics Business & Technology - May/June 2021 - Cover3
Magnetics Business & Technology - May/June 2021 - Cover4
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