LG jumps into the EV charging business

LG is very well known and established in electric mobility, developing batteries, sensors, and screens for electric cars.

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Recently the company acquired the South Korean EV battery charger developer company called AppleMango.

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This move is expected to enable the company to develop fully-featured charging stations with a user-friendly interface and real-time control and management

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AppleMango was founded in 2019 and has successfully developed latest slim and fast EV charger.

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LG is also planning to work with the partner GS Energy and GS Neotek.

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With GS Energy's EV Charging operating business and GS Neotek's IT service business, LG will develop the necessary infrastructure.

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LG has taken a 60% stake in AppleMango, 34% stake in GS Energy, and 6% stake in GS Neotek.

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LG's goal is to install an EV charger production line at LG Digital Park in South Korea by the end of 2022.

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