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LG Electronics (CEO Cho Joo-wan) is accelerating the expansion of its domestic electric vehicle (EV) charging solution business in collaboration with Seoul City.

[ A demonstration of controlling LG Electronics' 100kW fast charger through a touch screen ]

On the 30th, LG Electronics (CEO Cho Joo-wan) will sign a Memorandum of Understanding (MOU) with Seoul City at Seoul City Hall, located in Jung-gu, Seoul. The event will be attended by key figures including Lee Jang-gwon, Head of the Climate and Environment Bureau of Seoul City, and Woo Jong-jin, Head of the BS Research Institute at LG Electronics.

Through this MOU, LG Electronics will focus on not only the quantitative expansion of domestic EV charging infrastructure but also on providing high-quality services to citizens by offering customized charging solutions optimized for various needs, such as fast charging and assistance for people with mobility challenges.

To achieve this, LG Electronics will supply fast (200/100kW) and slow (7kW) chargers, as well as robot charging solutions, to charging operators (CPOs) such as Nexxing. Seoul City will assist in finding locations for EV chargers and provide necessary administrative support.

LG Electronics plans to replace and add EV chargers in buildings, parks, and parking lots managed by the city, with the goal of installing over 50 fast chargers by 2026. Additionally, in partnership with Doosan Robotics, LG will install more than 10 robot charging solutions at welfare centers to enhance the charging convenience for people with mobility challenges.

[ A demonstration of using LG Electronics' 100kW fast charger installed in an outdoor parking lot ]

The robot charging solution combines LG Electronics' fast chargers (200/100kW) with Doosan Robotics' charging robots. After the driver parks the electric vehicle in the designated charging area and opens the charging port, the charging robot autonomously connects the charging cable. This method allows customers with limited mobility to charge their vehicles easily without manually connecting the charging cable.

LG Electronics will provide real-time charging status and charger information through its cloud-based monitoring platform, ‘e-Centric’. Additionally, since the end of last year, LG has expanded the availability of electric vehicle charging services, which were previously limited to weekday daytime hours, to now include weekday evenings and weekends. This ensures that customers can receive quick assistance for any inquiries or issues they encounter while using the product, offering a differentiated service.

LG Electronics continues to expand its electric vehicle charging solution business through various partnerships, both domestically and internationally.

Earlier in June, LG signed a Memorandum of Understanding (MOU) with ChargePoint, North America's leading charging service provider, to expand the electric vehicle charging business. ChargePoint operates electric vehicle charging stations across the United States and Canada and has expanded its charging services to 16 European countries and India.

According to the German consulting firm Roland Berger, the global electric vehicle charging market is expected to grow at an average annual rate of 32.3%, reaching about $186 billion by 2030. In line with this global market growth, South Korea is also taking active steps. Last year, the Ministry of Environment announced plans to expand electric vehicle charging infrastructure, aiming to install over 1.2 million chargers by 2030—six times more than the number in 2022.

Seohung-kyu, EVP of LG Electronics’ EV Charging Business Division, stated, “Based on an optimal charging solution combining high-quality chargers and monitoring platforms, we will target various electric vehicle charging infrastructure demands and solidify our position as a reliable ‘charging solution provider.’”