ChargePoint, a leading charge-point operator, and LG Electronics have formed a strategic partnership to leverage their respective strengths to develop innovative charging solutions, ChargePoint announced June 18.
The first product of this strategic partnership will be commercial charging solutions that encompass ChargePoint’s industry-leading charger management software and LG’s advanced electric vehicle charging hardware, ChargePoint said, adding that the deliveries of this product are expected to begin later in 2024.
Moreover, in the future, the two companies may collaborate on combining ChargePoint EV charging solutions with LG energy storage systems, integrating the LG ThinQ smart home platform with ChargePoint’s Home Flex residential charger, and chargers that leverage LG’s digital-out-of-home advertising platform, among other areas under evaluation.
Under the partnership, LG’s AC and DC charging stations will be operated by ChargePoint software to form the new offerings, and the companies have begun exploring opportunities that would allow LG to bolster ChargePoint’s expansive network of more than 306,000 charging ports.
In turn, ChargePoint, its customers and its drivers would benefit from LG’s reliable, high-quality EV chargers in use cases where ChargePoint does not currently offer an ideal hardware solution.
The two companies expect that innovative charging solutions formed by this strategic partnership will enable a competitive package for public sector infrastructure projects, where determining criteria include high-quality domestic production and elevated information security levels.
Through its collaborations with ChargePoint, LG expects to elevate its position in the EV charger market and reinforce its reputation as a reliable, innovative EV charging solutions provider. The move also underscores LG’s commitment to expanding its presence in the global EV charging infrastructure market and builds on the momentum created by its new factory for advanced EV charger stations, which opened earlier this year in Fort Worth, Texas.
Commenting on the new partnership, Rick Wilmer, CEO of ChargePoint, said, “LG shares ChargePoint’s commitment to enabling a world-class charging experience for all EV drivers, regardless of make, model or connector type. Together we will develop market-leading EV charging solutions and pursue further opportunities to push the envelope thanks to our combined engineering expertise.”
Suh Heung-kyu, global head of the Electric Vehicle Charging business division of the LG Business Solutions Co., said, “There is incredible synergy between our two companies, and we expect this partnership to help LG become a global leader in the EV charging business. This agreement exemplifies how LG continues to pursue strategic alliances to advance innovation and further strengthen our status as a total EV charging solutions provider.”
