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Showing posts with the label electric vehicle charging

LG Electronics acquisition of Apple Mango.

As part of the future preparation, LG Electronics will acquire a stake in promising electric vehicle chargers and enter the electric vehicle charging solution business. LG Electronics recently signed a stock trading contract to acquire 100%of its stake in Apple Mango, an electric vehicle charger company in collaboration with GS Energy and GS Neotech. LG Electronics secures a 60%stake, and Apple Mango will be incorporated as a subsidiary of LG Electronics. GS Energy and GS Neotech acquire 34%and 6%of shares, respectively. Apple Mango was founded in 2019. From slow charger to fast charger, it owns the original technology of electric vehicle chargers that correspond to various demands of home and commercial spaces. In particular, it is recognized for its competitiveness by securing its own technology for the design of a slim fast charger that greatly enhances the design and convenience of installation. LG Electronics will internalize charger development capabilities through this a...