LG has opened its first electric vehicle charger plant in the US in Fort Worth, Texas, capable of producing 10,000 units per year.
The company has already started assembling home chargers with a capacity of 11 kW there, and in the first half of 2024 it will start producing fast chargers with a capacity of 175 kW. The company plans to produce ultra-fast chargers with a capacity of 350 kW, intended for “commercial customers and long-distance transportation”, according to Engadget.
The Korean company chose Texas because it has battery manufacturing facilities there, as well as because the state offers “excellent logistics and transportation networks and is home to the core operations of companies in a variety of industries, from automotive manufacturing to finance” (GM, Toyota and (Tesla has car assembly plants in this state).
LG intends to grow its EV charger business in Asia and Europe. The company, along with two partners, got into the game just two years ago by acquiring a South Korean EV charger business called AppleMango (later renamed HiEV).
LG said at the time that the acquisition would allow it to “create synergies” with its electric vehicle battery business, as well as products such as energy storage and energy management systems. The company can also use its expertise in display manufacturing to combine chargers with “rugged, dust and waterproof” outdoor digital screens.
The move would also allow LG to capitalize on the U.S. push to build more public EV chargers. According to the Joint Energy and Transportation Office, the country currently has 169,741 charging ports (either DC Fast Charge or Level 2) at 65,113 stations. However, the Biden administration wants to have at least 500,000 public chargers by 2030.