LG Electronics advances into electric vehicle charging business

LG Electronics recently acquired a 60 per cent stake in AppleMango for an unspecified amount, with GS Energy and GS Neotek taking over 34 per cent and 6 per cent stakes in the company, respectively, to secure a new growth engine, the company said in a statement.LG said it plans to establish a EV charging production line at the LG Digital Park in Pyeongtaek some 60 kms south of Seoul