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LG Electronics forays into electric vehicle charging, acquires solutions provider AppleMango

LG Electronics acquired South Korean electric vehicle (EV) charger solutions provider, AppleMango Co, jointly with GS Energy and GS Neotek, at a time when the government is focusing on the development of an EV ecosystem in India amid a global surge in its demand.

The company said the acquisition will help LG’s EV charging solution business grow and leverage EVs’ growing demand, in a statement on June 27.

AppleMango has developed a slim, fast charger for EV charging. In addition to the company’s market-leading charging tech, LG will secure access to the necessary operational infrastructure from GS Energy and GS Neotek, who have an experience in operating EV charging stations, said LG Electronics in the statement.

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