LG is already one of the largest manufacturers of batteries for electric cars in the US, but its ambitions are big. Now she decided she wanted to also produce devices that will charge electric carsand for this purpose she opened her first electric car charger plant in the USa 59,000-square-foot factory in Fort Worth, Texas, capable of producing 10,000 chargers per year.
The company has already started assembling here 11kW home chargers and will start production in the first half of 2024 175kW fast chargers. It also plans to start production this year 350kW ultra-fast chargers.
LG said it plans to strengthen its electric car charger business also in Asia and Europe. The company, along with two partners, only jumped into the industry two years ago when they bought a South Korean electric car charger company called AppleMango (since renamed HiEV).
LG said at the time that the acquisition would enable it to to strengthen the EV battery business along with products such as energy storage and energy management systems. The company can also leverage its display expertise by pairing chargers with rugged, dust- and water-resistant outdoor digital display units.
The move allows LG to take advantage of the U.S. push to build more public EV chargers. There are currently 169,741 charging ports in the country at a total of 65,113 stations. But the Biden administration wants to build at least 500,000 public chargers by 2030. So the new factory in Texas is a welcome step.