LG Chem America Inc., a subsidiary of South Korea’s largest chemical company LG Chem Ltd., stands as a significant force in the global chemical and battery industry. Established in 1947, the company has developed into a science-oriented corporation with extensive operations across petrochemicals, advanced materials, and life sciences. The company maintains a substantial global presence with 61 business sites worldwide, employing over 18,750 professionals. With annual sales reaching KRW 55.25 trillion and operating income of KRW 2.529 trillion, LG Chem demonstrates strong financial performance while maintaining its commitment to sustainable development through innovative materials and solutions.
Battery Technology
LG Chem’s battery expertise centers on lithium-ion technology, where they’ve established themselves as a primary manufacturer since 1999. Their technical prowess extends throughout the entire battery component spectrum, producing essential elements such as anodes, cathodes, electrolytes, and separators. The company’s advanced NCMA (nickel, cobalt, manganese, aluminum) cathode materials have significantly improved battery capacity and stability for electric vehicle applications.
Their battery solutions serve various sectors, including automotive, energy storage systems (ESS), and consumer electronics. The company’s automotive battery division supplies major manufacturers worldwide, while their ESS solutions support grid-scale applications for peak shifting and renewable energy integration. LG Chem’s continuous investment in research and development has resulted in numerous technological advancements, supported by an impressive portfolio of 50,656 patents globally.
Recent Projects
In 2024-2025, LG Chem initiated several significant projects, including the construction of a $3 billion EV battery cathode factory in Tennessee. Scheduled for operation in late 2025, this facility will produce NCMA cathode materials under a $19 billion contract with General Motors. The company also formed a joint venture with ENI to establish a next-generation bio oil production facility, targeting completion by 2026 with an annual capacity of 300,000 tons. Additionally, LG Chem has expanded into the automotive adhesive market, aiming to develop this segment into a multi-million-dollar business by 2030.
Investors
LG Corp. serves as the primary investor in LG Chem, holding 33.3% of shares (23,534,000 shares). Foreign investors maintain a significant stake of 42.1% (29,747,000 shares), while various institutions and individual investors account for 24.5% (17,311,000 shares) of ownership. This diverse ownership structure supports the company’s global expansion and technological advancement initiatives.
Business Details
Location: Seoul, South Korea (Global Headquarters)
Website: https://lgchem.com/mainindex
LinkedIn: https://www.linkedin.com/company/lg-chem-america/
