LG is leaping into the EV charging enterprise with the acquisition of a South Korean EV battery charger developer known as AppleMango, it announced. The transfer will enable it to create “fully-featured” charging stations with a user-friendly interface and real-time management and administration, it stated. In specific, it is going to be in a position to leverage its “sturdy, dust- and water-proof” out of doors digital show tech. 

LG is well-established in electrical mobility, creating batteries, screens and sensors for electrical automobiles. It lately joined forces with Magna International to develop e-motors, inverters and onboard chargers for automakers. The acquisition will increase that, permitting it to marry the brand new charger capabilities with its present in-house EV charging administration programs. It’ll additionally enable LG to “create synergy” with its present EV battery enterprise and merchandise like vitality storage and vitality administration programs. 

AppleMango was established three years in the past in 2019 and has developed proprietary tech like a slim and quick EV charger. LG will even work with companions GS Energy, which operates EV charging stations and IT supplier GS Neotek to develop the mandatory infrastructure. LG took a 60 % stake in AppleMango, GS Energy a 34 % stake and GS Neotek a 6 % share, in response to TechCrunch. 

LG plans to put in an EV charger manufacturing line at LG Digital Park in South Korea by the top of 2022. The aim is to provide a wide range of prospects with customized EV charging options, together with personal residences, procuring malls, resorts and public buildings.