LG Electronics has marked its entry into the competitive electric vehicle (EV) charging market with the opening of its first assembly factory in Fort Worth, Texas. The 100,000-square-feet facility, equipped with an annual capacity of 12,000 units, will focus on producing Level-2 smaller portable wall chargers initially, with plans to introduce Level-3 touch-screen display models later in the year. As LG ventures into this burgeoning sector, the move positions the South Korean tech giant against industry leaders like ChargePoint and Tesla. This article delves into LG’s foray into EV charging, its strategic diversification, and the dynamics of the rapidly growing U.S. EV charging network.
