LG purchases its direction into the EV charging business

LG is hopping into the EV charging business with the acquisition of a South Korean EV battery charger developer called AppleMango, it reported. The move will permit it to make “fully-featured” charging stations with a user-friendly interface and real-time control and management, it said. Specifically, utilizing its “sturdy, dust- and water-proof” outdoor digital display tech.”

LG is well-established in electric mobility, developing batteries, screens and sensors for electric vehicles. It as of late united with Magna International to develop e-motors, inverters and onboard chargers for automakers. The acquisition will grow that, permitting it to wed the new charger capacities with its current in-house EV charging management systems. It’ll likewise permit LG to “create synergy” with its current EV battery business and products like energy storage and energy management systems.

AppleMango was established three years ago in 2019 and has created exclusive tech like a thin and fast EV charger. LG will likewise work with partners GS Energy, which works EV charging stations and IT supplier GS Neotek to develop the important infrastructure. LG took a 60 percent stake in AppleMango, GS Energy a 34 percent stake and GS Neotek a 6 percent share.

LG plans to install an EV charger production line at LG Digital Park in South Korea toward the finish of 2022. The objective is to supply different clients with custom EV charging solutions, including private homes, shopping malls, hotels and public buildings.