Later this year, 350kW ultra-fast chargers will be produced by it.
In the United States, LG is currently one of the most prolific manufacturers of electric vehicle batteries; however, the company also intends to build the equipment that charge these batteries. Fort Worth, Texas is the location of the company’s first electric vehicle charger manufacturing facility in the United States. The building is 59,000 square feet in size and has the capacity to produce 10,000 units annually through its production capacity.
The company has already begun the process of assembling home-style chargers with a capacity of 11 kW there, and it plans to start manufacturing fast chargers with a capacity of 175 kW in the first half of 2024. At some point during this year, LG intends to construct ultra-fast chargers with a capacity of 350 kW, which will be suited for “commercial travel and long-distance transportation,” as stated in the company’s post.
It was stated by the Korean company that it chose Texas because it already had facilities there and because the state provides “excellent logistics and transportation networks and is home to major operations for companies in industries ranging from automobile manufacturing to finance” (General Motors, Toyota, and Tesla all have vehicle assembly plants in the state).
The company LG has stated that it is dedicated to expanding its electric vehicle charger business in both Asia and Europe. Just two years ago, the company, along with two partners, entered the market by purchasing a South Korean electric vehicle battery charger company that was once known as AppleMango and has now been rebranded as HiEV.
According to statements made by LG at the time, the acquisition would enable the company to “create synergy” with its electric vehicle battery business, in addition to products such as energy storage and energy management systems. By combining the chargers with “sturdy, dust- and water-proof” outdoor digital display units, the company is also able to capitalize on its experience in display technology.
Additionally, LG is able to benefit on a trend in the United States to construct additional public electric vehicle chargers. The Joint Office of Energy and Transportation reports that there are currently 169,741 charging ports spanning 65,113 stations around the country. These charging ports are either DC fast or Level 2 charging ports. The Biden administration, on the other hand, demands that there be at least 500,000 public chargers by the year 2030. “By establishing our electric vehicle charger production factory in Texas, we will be able to actively respond to the rapidly growing demand for electric vehicle infrastructure in the United States,” said Jand Ik-hwan, president of LG Business Solution.