Korean tech giant LG Electronics is making its entry into the overseas market by setting up electric vehicle (EV) chargers in the United States. The company has announced plans to launch two types of chargers in the country by the first half of 2024.
The first option is a slower charging variant with an 11-kilowatt capacity, while the second option is a rapid charger capable of delivering up to 175 kilowatts. The rapid chargers will be compatible with both the combined charging system (CCS1) and Tesla’s North American Charging Standard (NACS), providing flexibility to EV owners with different vehicle models. On the other hand, the slower charging option will only support CCS1 standard.
Recognizing the growing demand for rapid charging infrastructure, LG Electronics intends to expand its rapid lineup in the latter half of 2024, targeting commercial and long-distance drivers who require faster charging times.
LG Electronics has been focusing on electrification and the business-to-business market in its strategic expansion plans. The company has been developing EV chargers since 2018 and recently acquired EV charger manufacturer AppleMango in 2022, further strengthening its expertise and product portfolio in the sector.
While LG Electronics primarily operates its EV chargers in Korea, partnering with retailers like Emart, the move into the US market signifies the company’s ambitions to establish a global presence and contribute to the widespread adoption of electric vehicles.
Q: What types of EV chargers will LG Electronics launch in the US?
A: LG Electronics will launch both slower charging (11-kilowatt) and rapid charging (175-kilowatt) EV chargers in the United States.
Q: Will the rapid chargers be compatible with all EV models?
A: Yes, the rapid chargers will be configurable to both the combined charging system (CCS1) and Tesla’s North American Charging Standard (NACS), ensuring compatibility with various EV models.
Q: Will LG Electronics expand its rapid charging lineup in the future?
A: Yes, the company plans to expand its rapid lineup in the latter half of 2024, targeting the increasing demand for faster charging among commercial and long-distance drivers.
Q: What is LG Electronics’ focus in its business expansion?
A: LG Electronics is primarily focusing on electrification and the business-to-business market in its expansion plans. The company aims to contribute to the global adoption of electric vehicles through its EV charger offerings.