Individuals view the LG e-Centric EV charging station at CES 2024 in Las Vegas. (AP)
LG Electronics on Friday opened its first manufacturing unit within the U.S. for assembling electric-vehicle charging stations because the South Korean electronics big seems to seize a share within the fast-growing market dominated by ChargePoint and Tesla.
Based mostly in Fort Value, Texas, the corporate’s 100,000 sq. toes new manufacturing unit has an annual capability of 12,000 items, LG mentioned in a press release.
The corporate already has a distribution heart within the metropolis.
LG, a high-end TV producer, has been making an attempt to diversify its enterprise into recent sectors like EV charging and digital healthcare.
It acquired South Korean EV charger supplier AppleMango in 2022 as a part of its foray into the sector.
The corporate is coming into a extremely aggressive charging market, dominated by corporations like ChargePoint Holdings and Elon Musk-led Tesla, as federal funding and authorities incentives have helped to increase the EV charging community in america.
The variety of obtainable charging ports within the U.S. almost doubled from late 2019 to the primary quarter of 2023, in keeping with the Workplace of the U.S. Power Effectivity & Renewable Power.
The ability will initially assemble Degree-2 smaller transportable wall chargers and produce Degree-3 touch-screen show fashions later within the yr.