LG Energy Solution
LG Energy Solution, a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture.
2020.12
Established
David Kim
CEO
35,764
Employees (as of Dec. 2023)
KRW 33.7 trillion
Annual Revenue (2023)
Product Portfolio
LG Energy Solution is building a storing business portfolio by leading the green energy industry.
With advanced automotive, mobility, IT and ESS batteries, we are providing diverse energy solutions for a sustainable and better future.
Advanced Automotive Battery
EV / PHEV / HEV / u-HEV
Mobility & IT Battery
IT Devices / Power Tools / LEV
ESS Battery
Grids / UPS / Commercial / Residential
Technology Leadership
– Open Inovation –
LG Energy Solution partners with universities, startups,
and researchers to promote technological innovation for the global battery industry.
United States
- FRLUniversity of California San Diego
- BICHarvard University
- BICUniversity of California San Diego
- BICUniversity of California, Berkeley
- BIC University of Michigan
- BIC Arizona State University
- BICUniversity of Texas at Austin
- BICStevens Ins. of Tech
Korea
- FRLKorea Advanced Institute of Science & Technology
- BICGwangju Institute of Science & Technology
Germany
- FRLMünster Electrochemical Energy Technology
China
- Tianjin International Engineering Institute
Japan
- Japan Research LAB
*Frontier Research Laboratory (FRL)
joint research centers to develop source technologies with leading global universities and institutions in the rapidly growing next-gen battery field, operated by LG Energy Solution
*Battery Innovation Contest (BIC)
A battery research program that supports novel proposals from universities and research institutions from all over the world
Global Network (by 2025)
LG Energy Solution is continuously expanding the global production capabilities.
We are establishing manufacturing facilities in North America, Europe, and Asia while maximizing our production
capacity through joint ventures with OEMs.
Business History
Since initiating lithium-ion battery research in 1992, LG Energy Solution has been leading the global battery industry.
1947
1992
2004
2009
2012
2017
2020
2020
2021
2022
2022
2023
2023
1990~
- 1992LG Chem begins lithium-ion battery research
- 1947Lucky Chemical Co., Ltd. is born, later becomes LG Chem
2000 ~ 2009
- 2009LG Chem supplies the world’s first mass-produced Plug-In Hybrid EV batteries to GM (Chevy Volt)
- 2004LG Chem establishes the Nanjing plant in China
2010 ~ 2019
- 2017LG Chem builds an EV battery plant in Poland, the first large-scale automotive lithium battery production facility in Europe
- 2012LG Chem builds its first US-based EV battery plant in Holland, Michigan
2020~
- 2023LG Energy Solution signs a supply agreement with Toyota
LG Energy Solution and Hyundai Motor Group form a joint venture for battery cell manufacturing in the U.S.
LG Energy Solution announces a manufacturing complex for EV and ESS batteries in Arizona - 2022LG Energy Solution and Honda form the first joint venture between a Korean battery maker and a Japanese car manufacturer
LG Energy Solution and Stellantis establish NextStar Energy, a joint venture to build Canada’s first large-scale lithium-ion battery production plant
LG Energy Solution goes public on the KOSPI, South Korea’s major stock market index - 2021LG Energy Solution forms a joint venture with Hyundai Motor Group, the first cooperation between Korean battery and car makers
- 2020LG Chem approves the split-off of its battery business and establishes LG Energy Solution
LG Chem and General Motors establish Ultium Cells, an EV battery joint venture