LG Chem, established in 1947, stands as South Korea’s largest chemical corporation and a global leader in science-based solutions. The company has grown from its initial focus on cosmetics to become an international powerhouse in petrochemicals, advanced materials, and life sciences. With over 18,750 employees worldwide and operations across 61 business sites, LG Chem generates annual sales revenue of KRW 55.25 trillion. The company’s commitment to innovation is evidenced by its extensive portfolio of 50,656 patents, spanning both domestic and international markets. LG Chem’s strategic vision centers on integrating scientific advancement into everyday applications while maintaining strong environmental responsibility.
Battery Technology
LG Chem’s battery technology division specializes in developing and manufacturing advanced cathode materials, which are essential components in lithium-ion batteries. Their product range includes high-capacity high-nickel materials and high-voltage mid-nickel solutions, designed specifically for electric vehicle applications and energy storage systems. The company’s manufacturing processes incorporate sophisticated quality control measures to ensure consistent performance and reliability.
The company’s battery materials development focuses on three main areas: performance enhancement, cost reduction, and environmental sustainability. Their cathode materials are engineered to provide superior energy density and longer cycle life, while maintaining thermal stability and safety. LG Chem’s research teams have successfully created materials that reduce dependency on rare earth elements, making their solutions more sustainable and cost-effective.
Through continuous innovation in battery chemistry, LG Chem has achieved significant improvements in energy density and charging capabilities. Their materials enable batteries to maintain stable performance across various temperature ranges and usage conditions, meeting the demanding requirements of automotive and industrial applications.
Recent Projects
In 2024, LG Chem initiated construction of a large-scale cathode manufacturing facility in Tennessee, with planned annual production capacity of 120,000 tons by 2027. The company also secured an $18 billion contract with General Motors to supply cathode materials for electric vehicles, beginning in 2026. Additionally, LG Chem formed a strategic partnership with Italy’s ENI to establish a joint venture for bio oil production, with operations scheduled to commence in 2026 at their Daesan facility.
Investors
LG Corp. maintains its position as the primary shareholder with a 34.04% ownership stake. The National Pension Service of Korea holds 7.595% of shares, while several international investment management firms maintain smaller positions. Notable institutional investors include Skagen AS with 1.212%, Nordea Investment Management AB with 0.3769%, and Storebrand Asset Management AS holding 0.2109% of shares.
Business Details
Location: Seoul, South Korea
Website: https://lgchem.com/main/index
LinkedIn: https://www.linkedin.com/company/lgchem/
