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Stock impact report

LG & ChargePoint form global EV charging alliance [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
ChargePoint said the first step would be to make available its charger management software which has received security certification from the US federal government, for LG to use in its EV charging hardware with “deliveries expected to begin later this summer”. Further ahead, the two companies aim to combine ChargePoint's EV charging systems with LG's energy storage systems (ESS) and integrate the LG ThinQ smart home platform with ChargePoint's Home Flex residential charger, among other areas of collaboration. ChargePoint CEO Rick Wilmer said in a statement: “LG shares ChargePoint's commitment to enabling a world-class charging experience for all EV drivers, regardless of make, model or connector type. 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, a Show less Read more
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