LG Dan Magna Memeterai Perjanjian Usahasama Untuk Memasuki Pasaran Powertrain Elektrik

Menggabungkan Kekuatan Dua Pemain Utama Powertrain Elektrik

LG Electronics (“LG”) dan Magna International Inc. (“Magna”) mengumumkan usaha sama (JV) untuk mengeluarkan e-motor, inverter, dan pengecas on-board dan, untuk pembuat kenderaan tertentu, sistem e-drive yang berkaitan untuk menyokong peralihan global yang semakin meningkat ke arah kenderaan elektrik.

Syarikat baharu ini, yang dipanggil LG Magna e-Powertrain buat sementara waktu, memadankan kekuatan Magna dalam sistem powertrain elektrik dan pembuatan automotif kelas dunia dengan kepakaran LG dalam perkembangan komponen untuk e-motor dan inverter, mempercepat pertumbuhan kedua-dua rakan kongsi dalam pasaran tenaga elektrik.

JV ini membolehkan kedua-dua syarikat untuk terus mengembangkan penawaran produk tenaga elektrik mereka dengan memanfaatkan teknologi yang ada, kemampuan kejuruteraan dan jejak global. Pasaran e-motor, inverter dan sistem pemacu elektrik dijangka mempunyai pertumbuhan yang signifikan antara sekarang dan 2030, dan JV akan menargetkan pasaran global yang berkembang pesat ini dengan portfolio bertaraf dunia.

KENYATAAN MEDIA

LG 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 soft-ware and systems integration are competencies that Magna brings to this venture. This JV will allow customers to select from a portfolio of reliable components through to integration of an entire electrified powertrain.

“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 Magna president and incoming CEO Swamy Kotagiri. “By combining our strengthens, 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 United States, South Korea, and China.

The transaction is expected to close in July of 2021, subject to a number of conditions including obtaining LG shareholder approval and all necessary regulatory approvals.

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer goods with a presence in almost every country in the world and a diverse workforce of 74,000. LG is composed of five companies – Home Appliance & Air Solution, Home Entertainment, Mobile Communications, Vehicle component Solutions and Business Solutions. With 2019 global sales of USD 53 billion, LG is a leading manufacturer of a wide range of products from TVs, washing machines, refrigerators, air conditioners, mobile devices, digital signage, and automotive components. LG is also known for its premium LG SIGNATURE and advanced LG ThinQ brands, which feature the company’s artificial intelligence technology. For more news on LG, go to www.LGnewsroom.com.  

About Magna

Magna is a mobility technology company with more than 157,000 entrepreneurial-minded employees and 344 manufacturing operations and 93 product development, engineering, and sales centres in 27 countries. They have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Magna also has electronic and software capabilities across many of these areas. Common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com

•