OUR LG announced that it is entering the electric vehicle charger market through the acquisition of a South Korean company AppleMango. Buying a company specializing in this type of technology will allow the giant to provide “complete” charging solutions that will have a user-friendly interface and real-time control and management.

Currently a tech giant well represented in the electric vehicle market, providing several types of proprietary solutions such as batteries, sensors and screens. But lately, the company wants to expand the scope of its activities, as indicated by Engadgetshe joined forces with Magna International develop our own electric motors, inverters and on-board chargers.

now LG also wants to expand its customer base beyond automakers by offering more advanced technologies in several areas. now with AppleMango the company will be able to combine its current technologies to create an ecosystem of products, for example, it can combine its current systems with new charging capabilities to improve charging management.

Credits: LG Disclosure

“The new acquisition will help LG become a total solution provider by combining its new charger development capabilities with its own EV charging management system. “
– Said LG through an official note.

Launched in 2019, AppleMango drew much attention to the development of a patented technology for a fast and thin charger. Now, according to TechCruncha LG will own 60% of the companyWith GS Energy as well as GS Neotech dividing the rest of the producer, while they own 34% and 6% respectively.

Now the three companies will jointly operate charging stations for electric vehicles, as well as develop the necessary infrastructure for these “stations”. OUR LG intends to start production of electric vehicle chargers by the end of 2022 at its plant LG Digital Parkwhich is located in South Korea.

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Source: LG, Engadget