LG Electronics Inc. is a multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a subsidiary of LG Corporation. The subsidiary was founded in 1958 as GoldStar. LG has announced the launch of its first Electric Vehicle charging facility in Texas, USA. The new EV Charging facility spans across 100,000 square feet and has the capacity to produce over 12,000 chargers per year.
The report further mentions that LG is currently manufacturing 11-kilowatt EV chargers and will initiate assembling chargers with a capacity of 175 kilowatts in the first half of this year and 350 kilowatts later this year. With this development, the company seeks to actively respond to the rapidly growing demand for EV infrastructure in the U.S while aiming to capture a share of North America’s competitive EV charging market.