LG Expands Its Reach Into the EV Charging Industry With Its Acquisition of AppleMango

LG has now bolstered its position within the electric vehicle charging industry with its latest acquisition of AppleMango, a South Korean firm specializing in the technology. While no specific purchase price was publicly announced, LG reveals it has acquired a 60% stake in AppleMango, and will be leveraging the latter’s technology to create “fully-featured” EV charging stations that combine real-time control and management with a user-friendly interface.

The company also highlights its strength in manufacturing IP-rated outdoor digital displays with “sturdy, dust and waterproof enclosure[s].” LG’s new acquisition will also expand its reach within the EV market as a whole, where the company already produces battery cells, electric motors, inverters, and more for various automakers.

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