LG buys its way into the EV charging business | Engadget

LG is jumping into the EV charging business with the acquisition of a South Korean EV battery charger developer called AppleMango, it

. The move will allow it to create"fully-featured" charging stations with a user-friendly interface and real-time control and management, it said. In particular, it will be able to leverage its"sturdy, dust- and water-proof" outdoor digital display tech. LG is well-established in electric mobility, developing batteries, screens and sensors for electric cars. It recentlywith Magna International to develop e-motors, inverters and onboard chargers for automakers. The acquisition will expand that, allowing it to marry the new charger capabilities with its current in-house EV charging management systems.

AppleMango was established three years ago in 2019 and has developed proprietary tech like a slim and fast EV charger. LG will also work with partners GS Energy, which operates EV charging stations and IT provider GS Neotek to develop the necessary infrastructure. LG took a 60 percent stake in AppleMango, GS Energy a 34 percent stake and GS Neotek a 6 percent share, according toLG plans to install an EV charger production line at LG Digital Park in South Korea by the end of 2022.

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EV Market Share Growth in 16 Lagging European CountriesI recently explored the market share growth of electric vehicles in 15 European countries where electric vehicles have become most popular. From 15.9% market share for plugin vehicles in Ireland to 86.1% market share for Love the hockey sticks, but we gotta get those numbers up to 25% this summer and 50% next year! zshahan3 would be interesting to see how EV market share corresponds to the number of Tesla Shops and Services Centres per capita The propably biggest reason for the low share of EV in Turkey and Cyprus is the lack of a Tesla presence in those markets
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