Campbell, Calif. — ChargePoint, a leading provider of networked charging solutions for electric vehicles (EVs), and global innovator LG Electronics (LG) have formed a strategic partnership to leverage their respective strengths for future innovations in EV charging. LG’s U.S.-made EV chargers are UL-certified for charging stability and ENERGY STAR® certified for efficiency. These chargers will be paired with ChargePoint’s cloud software.
The first output of this relationship will be commercial charging solutions that encompass ChargePoint’s charger management software and LG’s EV charging hardware, with deliveries expected to begin later this summer.
Future areas of collaboration may include combining ChargePoint EV charging solutions with LG energy storage systems, integration of 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.
“LG shares ChargePoint’s commitment to enabling a world-class charging experience for all EV drivers, regardless of make, model or connector type,” says Rick Wilmer, CEO of ChargePoint. “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 Company, echoes Wilmer’s enthusiasm. “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,” he says. “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.”
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.
Through its collaborations with ChargePoint, LG expects to elevate its position in the highly-competitive EV charger market and reinforce its reputation as a reliable, innovative EV charging solutions provider. This 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.
ChargePoint Holdings, Inc. is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. For more information, visit https://www.chargepoint.com/about/media.
The LG Electronics USA Business Solutions division serves commercial customers in the U.S. lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets — with cutting-edge commercial displays, robots and electric vehicle charging stations. Based in Lincolnshire, Ill., LG Business Solutions USA delivers business-to-business technology solutions tailored to the particular needs of business environments. For more information, visit www.LGSolutions.com.
SOURCE: LG and ChargePoint