LG Electronics is apparently preparing its entry into the EV charging infrastructure business. According to a Korean media report, LG Group’s strategy is to have major subsidiaries such as LG Electronics provide all services from charger manufacturing to charging solutions and platforms.
Last year, LG Electronics had already acquired AppleMango, a South Korean manufacturer for EV chargers. According to the new report, LG’s charging infrastructure division has started operations and could unveil the “LG Electric Vehicle Charger” in April at the earliest. However, it is not yet known whether this will be an AC or DC charger – AppleMango had both on offer.
Production has also already been prepared in the background: According to reports citing industry insiders, LG Electronics recently completed preparations for mass production of EV chargers at the LG Digital Park in Pyeongtaek, Gyeonggi Province. The smartphone production line previously used by the mobile division has been converted for chargers.
In the field of electric mobility, the LG Group has so far been best known for its battery division LG Energy Solutions, which belongs to LG Chem. A new field has been added with the charging infrastructure unit based at LG Electronics. Other LG units are also to be involved in this: LG Innotek, for example, manufactures converters, while LG U+ is responsible for the platform business.
naver.com (in Korean)
Keyword: LG could offer charging infrastructure