LG Energy Solution Ltd. is a leading global manufacturer of lithium-ion batteries and a total energy solutions provider. Established in December 2020 as a spin-off of LG Chem's battery division, the company focuses on advanced battery technologies for electric vehicles, energy storage systems, and a range of IT and mobility applications.
Headquartered in Seoul, South Korea, LG Energy Solution operates production sites in six countries including South Korea, the United States, Poland, and China, employing over 32,000 people. It supplies high-performance pouch, cylindrical, and other form-factor batteries, modules, packs, and battery management systems to major automakers such as General Motors, Stellantis, Honda, Hyundai, Toyota, Ford, and Mercedes-Benz through joint ventures and long-term supply agreements.
The company is a publicly listed subsidiary of LG Chem, which holds approximately 80% ownership, and trades on the Korea Exchange under ticker 373220. It ranks among the world's largest battery producers and supports the transition to electric mobility and renewable energy integration via ESS solutions. LG Energy Solution is also expanding into battery-as-a-service platforms, recycling, and virtual power plant operations to advance a circular battery economy.
Also known as LG Energy Solution.
Revenue rose 19% YoY and operating profit 25.8% YoY; petrochemical spreads and battery-materials demand lifted results, while Q3 shows mixed outlook across divisions.
