In a recent press release, LG announced that it is moving into the EV charging station business with the acquisition of AppleMango.
“The EV charging market is expected to grow rapidly due to the surging demand for more eco-friendly vehicles,” said Paik Ki-mun, senior vice president of LG Electronics Business Solutions Company. “Leveraging our know-how and experience in the B2B sector, we will offer customized, integrated vehicle charging solutions for diverse customers, enhancing the competitiveness of our existing business and ensuring our readiness for future opportunities.
What we don’t know at this point is where they intend to sell LG-branded charging stations going forward. The South Korean market alone is going to be hot, and nearby countries, like, say, the most populated country on the planet, will also have great demand for charging stations as EV adoption continues. But, if history is any indication, LG has proven to be quite adept at selling its products and services globally.