LG said it plans to establish an EV charging production line at the LG Digital Park in Pyeongtaek, some 60km south of Seoul, within this year.
LG Electronics recently acquired a 60% stake in AppleMango Co for an unspecified amount, with GS Energy Corp and GS Neotek taking over 34% and 6% stakes in the company, respectively, to secure a new growth engine, the company said in a statement. With the acquisition, LG aims to strengthen its business portfolio together with the existing automotive electronics business “in the era of EVs,” the statement said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: