LG Energy Solution

Founded in 2020 as an LG Chem spin-off, LG Energy Solution is a global leader in lithium-ion battery manufacturing for electric vehicles, energy storage, and portable devices. Leveraging over 30 years of expertise and advanced technologies, the company delivers high-performance, sustainable energy solutions through strategic partnerships worldwide.

Company Location

Country:

South Korea

City:

Seoul

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Company Overview

LG Energy Solution is a global leader in battery manufacturing, specializing in advanced lithium-ion batteries for electric vehicles, energy storage systems, and portable devices. Founded in 2020 as a spin-off from LG Chem, the company has established itself as one of the world’s largest battery manufacturers. With over three decades of experience in battery development and production, LG Energy Solution combines technical expertise with innovative manufacturing processes to deliver high-performance energy solutions. The company’s commitment to sustainable practices and continuous technological advancement has resulted in partnerships with major automotive manufacturers worldwide.

Battery Technology

LG Energy Solution’s portfolio includes cylindrical, pouch-type, and prismatic lithium-ion cells featuring advanced NCMA cathode technology for enhanced energy density and thermal stability. The company utilizes precision engineering and quality control in its manufacturing processes. Its energy storage solutions employ lithium iron phosphate (LFP) and nickel-based chemistries, and its battery management systems offer sophisticated monitoring and control. R&D efforts focus on increasing energy density, improving charging speeds, and enhancing safety.

Products

Cylindrical, pouch-type, and prismatic lithium-ion cells; NCMA (Nickel, Cobalt, Manganese, Aluminum) cathode technology; energy storage systems utilizing LFP and nickel-based chemistries; battery management systems with advanced monitoring and control capabilities.

Recent Projects

Initiated production at a $5.5 billion Arizona facility in 2024 focusing on cylindrical EV batteries; secured an exclusive agreement with Aptera Motors to supply 2170 cylindrical cells for solar EVs from 2025 to 2031; announced plans to begin energy storage system battery production in the United States by 2025.

Investors

LG Energy Solution’s investors include its parent company LG Chem, LG Technology Ventures and Bricks Capital Management.

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