[Financial News] Lotte Innovate’s electric vehicle charging subsidiary, EVSIS, announced on the 17th that it has officially begun expanding into the global market with its independently developed PLC modem charger.
EVSIS is currently exporting its self-developed PLC (Power Line Communication) modem-based 240kW and 400kW ultra-fast chargers to the US market. These products are undergoing the FCC certification, a US electromagnetic compatibility certification. In the still-developing US market for PLC modem-based chargers, these products are expected to showcase differentiated technological capabilities.
Notably, these chargers incorporate EVSIS’s ‘K-VAS technology,’ which collects real-time battery state information and ensures both charging efficiency and safety through stable integration with the vehicle.
‘K-VAS technology’ is a smart control protocol that enables information exchange between the charger and the battery. It is an advanced communication technology that can recognize the battery’s SOC (State of Charge), SOH (State of Health), temperature, and cell unit voltage in real-time.
EVSIS is developing and operating these advanced PLC modem-based chargers domestically, while continuing to collect data and advance the technology to expand it to a global standard.
Besides the US, EVSIS exports chargers to various countries, including Japan, consistently expanding its overseas references with competitive pricing and technological reliability in the universal tariff system.
Particularly, EVSIS, in collaboration with KOICA (Korea International Cooperation Agency), is making significant strides in entering the emerging charging infrastructure market in Kyrgyzstan. Recently, they have been discussing business cooperation and conducting market research with the Ministry of Economy and Commerce, the Ministry of Transport, the Bishkek City Hall, and national universities, forming a local research team to expand their business.
Additionally, EVSIS continues to develop next-generation chargers and communication/control technologies capable of responding to future charging infrastructure needs. They aim to secure global market competitiveness based on technological strength and lead the expansion of the eco-friendly mobility ecosystem.
EVSIS CEO Oh Yeong-sik stated, “We will pursue global standardization based on our proprietary PLC modem and smart charging control technology to provide optimized technology for local infrastructure,” and added, “We aim to expand into North America, Japan, and emerging markets, building on the charging systems verified in Korea.”