LG Electronics has opened its first electric vehicle (EV) charger production factory in the U.S., a 5,500 square meter facility located in Fort Worth, Texas. The new factory will manufacture EV chargers for the growing North American market, with an annual capacity of over 10,000 units.
The Texas facility is LG’s first EV charger production site outside South Korea. LG chose the location for strategic reasons like utilizing existing facilities, robust infrastructure, and the presence of major automobile and finance companies.
LG has already begun assembling 11kW chargers in Texas, with plans to produce 175kW fast chargers in 2024. The company intends to introduce a 350kW ultra-fast charger later in 2024.
The global EV charging market is expected to reach $186 billion by 2030. “By establishing local production, we can actively meet rapidly growing U.S. demand for EV infrastructure,” said LG Business Solutions Company President Jang Ik-hwan. “LG is dedicated to delivering reliable, quality EV charging solutions.”