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[Alpha Biz=(Chicago) Reporter Paul Lee] Competition between SK Group and LG Group to take the lead in future mobility is expanding from batteries to electric vehicle charging solutions.
SK Group announced on the 20th that SK Signet, a company specializing in ultra-fast chargers for electric vehicles, succeeded in winning its first order worth 10 billion won in December last year in the UK.
SK Signet was incorporated into SK Group in April 2021 when SK acquired Signet V, a global electric vehicle charging device manufacturer, for 293 billion won. It is the No. 1 market share in the electric vehicle ultra-fast charging market in the U.S. and has recently expanded its business to Europe.
Starting with the order, the company plans to focus on sales activities and finding business partners targeting five major countries, including Germany, Britain, Italy, France and Spain, which are leading the spread of electric vehicles in Europe.
In addition to the SK Signet invested by the holding company, SK Group has set up its electric vehicle charging business as a new business and is making various investments.
LG Electronics, LG Group, LS, and GS Group are also starting their electric vehicle charging business.
LG Electronics established an 'EV Charging Business Manager' organization through reorganization at the end of last year and recently established an electric vehicle charger production line in LG Digital Park, Pyeongtaek, Gyeonggi-do. At the ISE 2023 held in Barcelona, Spain last month, the company organized an exhibition space for electric vehicle charging solutions to introduce products and solutions.
LG Electronics joined hands with GS Group in June last year by acquiring a stake in Apple Mango, an electric vehicle charger specialist. LG Electronics became the largest shareholder by acquiring 60% of the total stake, followed by GS Energy with 34% and GS Neotek with 6%.
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