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LG Jumping Into EV Chargers Business

LG will use”durable, dust- and water-proof” outdoor digital display technology

With the acquisition of South Korean EV battery charger developer AppleMango, LG announced its entry into the EV charging market. It said that by making the change, it will be able to design “fully featured” charging stations with an easy-to-use interface and real-time control and management.

It will be able to make use of its “durable, dust- and water-proof” outdoor digital display technology in particular.

In the field of electric mobility, LG is well-known for creating batteries, screens, and sensors for electric vehicles. In order to create e-motors, inverters, and onboard chargers for cars, it recently partnered with Magna International.

By combining the new charger capabilities with its existing internal EV charging management systems, the acquisition will increase that.

Additionally, it will give LG the opportunity to “create synergy” with its current EV battery business and items like energy storage and energy management systems.

2019 saw the founding of AppleMango, a company that has created proprietary technology including a quick and thin EV charger.

To create the required infrastructure, LG will also collaborate with business partners GS Energy, which runs EV charging stations, and IT service provider GS Neotek.

According to TechCrunch, LG purchased a 60% investment in AppleMango, followed by GS Energy with a 34% stake and GS Neotek with a 6% share.

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