LG Expands EV Charger Production to the U.S., Inaugurates Texas Factory

Jan 17, 2024: LG Electronics (LG) has marked a significant expansion of its electric vehicle (EV) charging solutions infrastructure by opening its first EV charger production factory in the United States. The new facility, covering 5,500 square meters in Fort Worth, Texas, is strategically positioned to serve the North American market, with an anticipated annual capacity exceeding 10,000 units.

This marks LG’s first EV charger production site outside of South Korea, where the company previously opened an EV charger manufacturing operation under its affiliated company HiEV Charger. The strategic choice of Texas for LG’s U.S.-based EV charger production factory is driven by various factors, including the utilization of existing facilities, excellent logistics, and transportation networks, as well as the state’s prominence in industries ranging from automobile manufacturing to finance.

The move aligns with LG CEO William Cho’s vision for “Electrification” as a major driver of rapid mid- to long-term growth. LG’s entry into the U.S. EV charging market is poised to address rising local demand, discover new business opportunities, and contribute to energy and environmental goals set out in the U.S. government’s Inflation Reduction Act.

The Texas factory has commenced assembling 11kW chargers, with plans to begin production of 175kW fast chargers within the first half of the year. LG’s roadmap includes introducing a 350kW ultra-fast charger in 2024, expanding its EV charger lineup to meet the varied needs of customers, especially those operating in areas such as commercial travel and long-distance transportation.

LG is rapidly establishing itself as a reliable EV charger provider, emphasizing manufacturing capabilities, quality control, and after-sales service. The company aims to tap into diverse EV charging demands across businesses and facilities, such as hotels, shopping malls, retail stores, gas stations, and parking garages.

Jang Ik-hwan, President of the LG Business Solutions Company, stated, “By establishing our EV charger production factory in Texas, we will be able to actively respond to the rapidly growing demand for EV infrastructure in the U.S. LG is dedicated to delivering uncompromising quality and will offer customers reliable EV charging solutions that combine efficient charger units with advanced control systems.”

The global EV charging market is projected to reach USD 186 billion by 2030, and LG’s move positions the company to actively respond to the growing demand for EV infrastructure in the U.S.