LS Group and LIG Group are solidifying their collaboration in the electric bus charging infrastructure sector. LS E-Link, which has experience in commercial vehicle charging operations, and Dong-A Elecom, known for its power conversion technology, are teaming up to target the large electric vehicle charging market.
On August 26, the two companies announced they signed a memorandum of understanding at the LS Yongsan Tower in Seoul to establish electric bus charging infrastructure and expand their market presence.
The companies plan to initially expand charging infrastructure for transportation operators nationwide and increase the supply of 240kW high-output charging solutions.
This collaboration will focus on bus depots. Since electric buses require stable, high-capacity charging in line with their operating schedules, the output of chargers and the stability of power supply are crucial. The two companies agreed to broaden their cooperation to include everything from the construction of charging stations to operations, monitoring, and maintenance.
LS E-Link is the largest commercial vehicle charging operator in South Korea, serving over 5,000 buses and taxis. It has extensive experience in charging station design and high-capacity charging service operations.
Dong-A Elecom has been providing power solutions in the communications and defense sectors based on 50 years of accumulated power conversion technology. The 240kW dispenser-type charger that the two companies plan to expand will separate the power distribution unit from the charging nozzle, allowing for more efficient use of depot space.
This partnership is a follow-up to the business collaboration agreement signed by LS and LIG in March of last year. The merger of Dong-A Elecom, which LIG acquired to secure future growth engines, with LS's electric vehicle charging business marks a significant step in the two groups' collaboration in the eco-friendly mobility sector.
* This article has been translated by AI.
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