But dont expect an G- or V- EV series.
LG will focus on what it knows best: electronics, only this time for auto parts.
LG has taken on a 51% stake in the enterprise.
Interestingly, the agreement had already beenannouncedin December 2020, but was pending until now shareholder and regulatory approvals.
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Thats averygood deal for LG, given thatMagnas customers include General Motors, BMW, and Ford.
Better luck this time, LG.
Do EVs exciteyour electrons?
Do ebikes get your wheels spinning?
Do self-driving cars get you all charged up?
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
