LG Opens First U.S. EV Charger Factory in Texas
LG Electronics has launched its first electric vehicle (EV) charger production facility in the United States, marking a significant expansion in its EV charging solutions infrastructure. The new factory, spanning 5,500 square meters, is strategically located in Fort Worth, Texas, and aims to produce over 10,000 units annually for the North American market.
This facility represents LG’s first EV charger production site outside South Korea, following the establishment of an EV charger manufacturing operation by its affiliate HiEV Charger last year.
The choice of Texas for LG’s U.S.-based EV charger production was influenced by several strategic factors, including the utilization of existing facilities, robust logistics, transportation networks, and the presence of major operations across various industries.
LG CEO William Cho, in 2023, highlighted ‘Electrification’ as a key driver for the company’s mid- to long-term growth. The U.S. EV charging market entry aligns with the energy and environmental goals of the U.S. government’s Inflation Reduction Act. LG is committed to expanding its EV charger business globally, including in Asia and Europe.
“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.,” said Jang Ik-hwan, president of the LG Business Solutions Company. He emphasized LG’s commitment to quality, adding, “LG is dedicated to delivering uncompromising quality and will offer customers reliable EV charging solutions that combine efficient charger units with advanced control systems.”
Currently, the Texas factory is assembling 11kW chargers and plans to start producing 175kW fast chargers within the first half of the year. A 350kW ultra-fast charger is also on the agenda for 2024, broadening LG’s charger lineup to cater to diverse customer needs, particularly in commercial travel and long-distance transportation sectors.
The global EV charging market, as per Roland Berger, a global management consulting firm, is projected to reach $186 billion USD by 2030. This growth is driven by environmental regulations and the advancement of vehicle electrification.
Of course, Tesla’s Supercharging network is the most robust in the world, recently surpassing 55,000 Superchargers.