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. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture.
Established
2020.12
CEO
David Kim
Employees (as of Dec. 2022)
34,177
Annual Revenue (as of 2022)
KRW 25.6 trillion
＃Product Portfolio
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 & Industrial / Residential
＃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
＃R&D
Technology Strengths
Investment (over the last 10 years)
$4.5B
Researchers & Engineers (as of 2022)
3,923
Global Patents (as of December, 2022)
26,641
Domestic 8,574
Overseas 18,067