What LG Magna e-Powertrain does

LG Magna e-Powertrain Co., Ltd. is a 50-50 joint venture between LG Electronics and Magna International, established in July 2021 and headquartered in Incheon, South Korea. The company designs and manufactures electric vehicle powertrain components for global automotive OEMs, operating manufacturing facilities in Korea, China, Mexico, and Hungary with additional sales offices in the United States, China, Germany, and Japan. Its products serve BEV, PHEV, and HEV programs for customers including General Motors, Ford, FCA (Stellantis), Jaguar Land Rover, Hyundai-Kia, and European OEMs.

The core product portfolio spans three lines: electric motors (hairpin and round-wire winding, permanent magnet synchronous and AC induction designs in 48V/400V/800V configurations, with power ranging from ~25 kW MHEV units to 200 kW BEV units); power electronics, including inverters with silicon carbide (SiC) modules supporting up to 20 kHz switching, and on-board chargers with 95% efficiency and bidirectional V2G/V2L capability in 3.6-11 kW variants; and integrated e-drive systems that combine motor, inverter, and reducer in a single housing with outputs up to 180 kW and torque up to 5500 Nm. The company offers both rare-earth and no-rare-earth motor solutions, with functional safety compliance and modular platform architectures designed for OEM-specific packaging.

LG Magna e-Powertrain operates as a Tier-1 enterprise B2B supplier, selling directly to automotive OEMs through field sales teams and direct purchase inquiry channels. Revenue is generated via hardware sales under long-term supply contracts; pricing is conducted through confidential direct OEM negotiations and is not publicly disclosed. The company traces its operating roots to LG Electronics' Electric Vehicle Components Division established in 2012 and has supplied EV components in volume since 2016 (GM). After the 2021 JV formation, the company expanded capacity with new plants in Mexico (2022) and Hungary (2024), began mass production for Hyundai-Kia (2023), and returned to profitability in the first quarter of 2026 driven by higher utilization at its Mexico facility.

Name

LG Magna e-Powertrain

Legal name

LG Magna e-Powertrain Co., Ltd.

Website

https://lgmagna.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LG Magna e-Powertrain is a joint venture between LG Electronics and Magna International that designs and manufactures EV powertrain components — electric motors, inverters, on-board chargers, and integrated e-drive systems — for global automotive OEMs across facilities in Korea, China, Mexico, and Hungary.

Ownership category

akta.pro rank

Product category

Electric Vehicle Powertrain Components

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes) (IMACACAC)

Keywords

• Electric vehicle powertrain
• EV drive motors
• Automotive inverters
• On-board chargers
• Integrated e-drive systems

Headquarters

HQ city

Incheon

HQ country

South Korea

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. EV Powertrain Components: LG Magna e-Powertrain generates revenue through the sale of electric vehicle powertrain components including electric motors, inverters, on-board chargers, and integrated e-drive systems to global automotive OEMs. The company operates as a tier-one automotive supplier with long-term supply contracts with major manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

LG Magna e-Powertrain designs and manufactures electric vehicle powertrain components for global automotive OEMs. Its portfolio spans electric motors (ranging from ~25kW mild-hybrid units to 300kW BEV motors), power electronics (silicon-carbide-based inverters and bidirectional on-board chargers), and integrated three-in-one e-drive systems that combine motor, inverter, and reducer into a single housing for compact, high-efficiency EV drivetrains.

Product overview

LG Magna e-Powertrain is a joint venture between LG Electronics and Magna International (established July 2021) that provides electric vehicle powertrain solutions. The company offers three core product lines: Electric Motors (including WP, HP series with power ranges from 25kW to 300kW for MHEV, BEV, and PHEV applications), Power Electronics (comprising Inverters with silicon carbide solutions and On-Board Chargers with bidirectional V2G/V2L capability), and Integrated Solutions (e-Drive systems that combine motors, inverters, and reducers in single housing units for compact, efficient powertrains). The product portfolio covers the full spectrum of EV drivetrain components from individual motors like the HP1521 (200kW) and HP1015 (160kW), to power electronics including the IS2020 inverter (200kW, 800V silicon carbide) and CU2011 charger (11kW bidirectional), to complete e-Drive systems like the IP2525 delivering over 5500Nm torque for BEVs.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Motors Drive motors for electric vehicles spanning mild hybrid to pure BEV applications, featuring hairpin and round wire winding, permanent magnet synchronous and AC asynchronous designs with air, water, or oil cooling. Supports 48V, 400V, and 800V architectures.
• Power Electronics (Inverters and On-Board Chargers) Inverters and on-board chargers for efficient power conversion in EVs, including silicon carbide inverter solutions and on-board chargers with bidirectional V2G/V2L functionality.
• Integrated Solutions (e-Drive Systems) Complete e-Drive systems combining drive motors, inverters, and reducers in a single housing for efficient, compact electric powertrain solutions.
• WP1002 Electric Motor Electric motor for mild hybrid vehicles (MHEV) with power up to 25kW, torque up to 90Nm, speed up to 20,000rpm, supporting 48V and 400V configurations with 96%+ efficiency.
• HP1505 Electric Motor Electric motor for BEV and (P)HEV applications with power range 50-100kW (typical 75kW), torque 100-200Nm (typical 150Nm), speed up to 16,000rpm, supporting 400V and 800V.
• HP1015 Electric Motor Electric motor for BEV and PHEV with power range 120-180kW (typical 160kW), torque 250-400Nm (typical 300Nm).
• HP1521 Electric Motor Electric motor for BEV with power range 180-300kW (typical 200kW), torque 350-500Nm (typical 400Nm), speed up to 16,000rpm.
• IS2007 Inverter Inverter for BEV and (P)HEV with power range 50-100kW (typical 75kW), supporting 400V and 800V, current 250-300Arms.
• IS1015 Inverter Inverter with power range 120-180kW (typical 160kW), current up to 500Arms.
• IS2020 Inverter Inverter for BEV with power range 180-300kW (typical 200kW), supporting 400V and 800V, current up to 650Arms.
• CU1072 On-Board Charger On-board charger with 7.2kW power, 95% efficiency, available as standalone or integrated with low voltage DC-DC converter.
• CU2011 On-Board Charger On-board charger with 11kW power, supporting bidirectional charging with V2G and V2L functionality.
• DU2004 e-Drive System e-Drive system for (P)HEV with power up to 50kW, output torque up to 1400Nm, output speed up to 1600rpm, 400V with air cooling.
• IP1012 e-Drive System e-Drive system for BEV and PHEV with power up to 120kW, output torque up to 2500Nm, output speed up to 1500rpm, supporting 400V and 800V with air/water/mixed cooling.
• IP2016 e-Drive System e-Drive system with power up to 180kW, output torque up to 3500Nm, output speed up to 1500rpm, with water/oil/mixed cooling.
• IP2525 e-Drive System e-Drive system for BEV with power from 180kW upward, output torque up to 5500Nm.

Quantifiable outcome

• On-board charger efficiency up to 95%
• +2 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• LG ElectronicscoreStrategic or Co-development Partner · 1 July 2021LG Electronics is the parent company and co-founder of the LG Magna e-Powertrain joint venture established in July 2021. LG contributes electronics expertise, manufacturing capabilities, and established automotive supplier relationships to the partnership.
• Magna InternationalcoreStrategic or Co-development Partner · 1 July 2021Magna International is the parent company and co-founder of the LG Magna e-Powertrain joint venture established in July 2021. Magna contributes powertrain expertise, global automotive supply chain capabilities, and manufacturing infrastructure to the partnership.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Valeo: French Tier-1 automotive supplier with significant EV powertrain portfolio including e-motors, inverters, and onboard chargers, supplying European and global OEMs. Closely comparable in EV power electronics and motor offerings.
• Dana Incorporated: Automotive supplier with a dedicated e-Propulsion portfolio including e-axles, integrated electric drive units, and power electronics for passenger and commercial EVs. Closely comparable in integrated e-drive system offering and OEM customer base.
• BorgWarner: Major Tier-1 automotive supplier with a substantial EV powertrain portfolio including e-motors, power electronics, and integrated e-drive systems serving global OEMs. Closely comparable Tier-1 competitor in product offering and customer overlap.
• Marelli: Global automotive supplier offering electrification products including e-motors, power electronics, and integrated e-drive solutions to major OEMs. Comparable in product mix and Tier-1 customer base.
• ZF Friedrichshafen: German Tier-1 supplier with a large e-mobility division producing e-drive systems, electric motors, and inverters for passenger and commercial vehicle OEMs globally. Directly comparable in product category and Tier-1 B2B sales motion.
• Nidec Corporation: Major Japanese manufacturer of electric motors including its dedicated E-Axle (NiDECO) product line for automotive OEMs, with comparable motor-and-integrated-drive offerings to LG Magna. Especially relevant as a competitor in EV traction motors.
• Hitachi Astemo: Japanese Tier-1 supplier of electric motors, inverters, and EV powertrain components to Honda and other global OEMs. Directly comparable in product scope and customer-overlap region.
• Vitesco Technologies: Spun out of Continental AG as a pure-play electrification supplier, Vitesco offers electric motors, inverters, power electronics, and integrated e-drive systems to global automotive OEMs — directly comparable in product scope and customer type to LG Magna e-Powertrain.
• Bosch Mobility Solutions: Broad mobility and automotive supplier with extensive EV powertrain components including e-motors, inverters, DC-DC converters, and integrated e-axles serving global OEMs. Comparable in product breadth, customer base, and global manufacturing presence.
• Schaeffler: German automotive supplier expanding aggressively into EV powertrains including e-motors, power electronics, and integrated e-axles serving global OEMs. Increasingly direct competitor as it pivots from legacy ICE components to electrification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lg-magna-e-powertrain

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LG Magna e-Powertrain