"LG Launches First U.S. EV Charging Factory in Fort Worth, Texas"

LG Electronics has opened its first EV charging station factory in Fort Worth, Texas, aiming to capture a share of North America’s competitive EV charging market. The facility has the capacity to produce over 10,000 chargers per year, with plans to manufacture higher capacity chargers in the near future. With a goal of $79 billion in sales by 2030, LG is focusing on 'electrification' as a primary driver for mid and long-term growth. The move comes as LG seeks new business opportunities following its exit from the mobile phone business in 2021. The company sees the U.S. EV market as a lucrative bet, especially with the government's support for expanding EV infrastructure.