LG CNS Powers NYC with Advanced Tech and EV Charging
Deal News | Apr 21, 2025 | New York City Economic Develop
LG CNS, a leading AI Transformation company from Korea, has embarked on a strategic partnership with the New York City Economic Development Corporation (NYCEDC) to advance smart city technologies in the U.S. Partnering with Matcha, a startup specializing in EV charging solutions, LG CNS has installed advanced electric vehicle chargers at the Brooklyn Army Terminal. These chargers will be operational until December 2025. Beyond EV infrastructure, LG CNS is contributing to New York City's technological advancement by developing a mobile application that provides real-time EV charging information and exploring innovations in AI, smart surveillance, and citywide data solutions. They plan to install Energy Storage Systems to stabilize NYC's electrical market and are participating in NYCEDC's Pilot programs. The collaboration aims to enhance NYC's modernization efforts, making it a leader in green energy and digital transformation.
Sectors
- Smart Cities
- Electric Vehicles
- Energy Storage
Geography
- United States – The article is centered around New York City, where significant advancements in technology and infrastructure are taking place.
- South Korea – LG CNS, a South Korean company, is expanding its influence in the U.S. with a focus on smart city projects.
Industry
- Smart Cities – The article discusses LG CNS's efforts towards enhancing New York City’s infrastructure with smart city technology.
- Electric Vehicles – LG CNS is partnering with Matcha to install advanced EV charging stations in NYC, aligning with the electric vehicle industry.
- Energy Storage – Plans for ESS installations indicate participation in the energy storage sector, highlighting a push towards grid efficiency and sustainable energy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LG CNS | Technology Provider | Company | A Korean AI transformation company involved in the smart city initiative in NYC. |
| New York City Economic Development Corporation (NYCEDC) | Support and Development | Company | The corporation working with LG CNS to facilitate technological advancements in NYC. |
| Matcha | EV Charging Solutions Partner | Company | A Boston-based startup collaborating with LG CNS on EV charging solutions. |
| Mayor Adams | Facilitator | Person | Signed a Memorandum of Understanding to foster Korean investments in NYC. |
| Shin-Gyoon Hyun | CEO of LG CNS | Person | Leading LG CNS's strategic initiatives in NYC. |
| James Kim | Chairman and CEO | Person | American Chamber of Commerce in Korea, involved in signing the MoU with NYC. |