LG Chem develops and manufactures advanced lithium-ion battery cathode materials, including high-capacity high-nickel and high-voltage mid-nickel solutions for electric vehicles and energy storage systems. Their processes emphasize performance enhancement, cost reduction, environmental sustainability, superior energy density, longer cycle life, thermal stability, safety, and reduced reliance on rare earth elements.
Battery cathode materials: high-capacity high-nickel and high-voltage mid-nickel solutions engineered for enhanced energy density, extended cycle life, thermal stability, and safety in electric vehicles and energy storage applications.
In 2024, LG Chem initiated construction of a cathode manufacturing facility in Tennessee with a planned annual capacity of 120,000 tons by 2027; secured an $18 billion contract with General Motors to supply cathode materials beginning in 2026; and formed a joint venture with ENI for bio oil production at Daesan starting in 2026.
LG Chem’s primary shareholders are LG Corp (34.0%), National Pension Service of Korea (7.6%), Skagen AS (1.2%), Nordea Investment Management AB (0.4%) and Storebrand Asset Management AS (0.2%).
