LG Energy Solution
- LG Energy Solution Company Facts
- HQ Location
- Seoul, South Korea
- Employee Count
- 10,000
- CEO
- Youngsoo Kwon
LG Energy Solution Ltd. (LGES) is a global leader in lithium-ion battery innovation, headquartered in Seoul, South Korea. Established in 2020 as a spin-off from LG Chem, LGES builds on nearly three decades of expertise in battery technology. Its solutions power a wide range of applications, including electric vehicles (EVs), consumer electronics, and energy storage systems, serving automotive giants such as Ford, General Motors, Volvo, and Renault.
The company's journey began in 1992, when LG Chem launched its energy division after exploring rechargeable battery technology. By 1999, LG Chem produced South Korea's first lithium-ion battery and scaled its presence globally by supplying the Chevrolet Volt in the late 2000s. With an IPO in 2022, LGES strengthened its commitment to expand production capacity and accelerate the EV revolution.
Today, LGES is a key player in the global battery market, second only to CATL in market share as of 2022. Committed to innovation and sustainability, LGES continues to drive advancements in clean energy storage, solidifying its role as a trusted partner in the transition to a carbon-neutral future.
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