LG Energy Solution

LG Energy Solution Ltd. (LGES; ) is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery makers in the world, with its product applications including electric vehicles and ESS.

History LG Chem Energy Solution Business Division (1992–2020) LG Chem started a battery business after LG Group chairman Koo Bon-moo visited the United Kingdom Atomic Energy Authority office in 1992. After the visit, Koo brought rechargeable battery samples and began research into the emerging technology. LG Chem produced Korea's first lithium-ion battery in 1999 and began supplying automotive batteries for the Chevrolet Volt produced by General Motors in the late 2000s. Later, the company became a battery supplier to global car makers, including Ford, Chrysler, Audi, Renault, Volvo and SAIC Motor.

LG Energy Solution (2020–present) In September 2020, LG Chem announced that it would spin off its battery business to cope with growing demand from global automotive manufacturers. LG Chem's battery business officially became a separate company and changed its name to LG Energy Solution Ltd. in December 2020. It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the Korea Exchange in January 2022. It was South Korea's biggest IPO at that point. In the first half of 2025, LGES won three injunctions against Sunwoda for patent infringement. On 4 September 2025, United States Immigration and Customs Enforcement detained LG employees and contractors during a raid of Hyundai Motor Group Metaplant America.

Partnerships

Joint Ventures +NamePartner companiesEstablishment dateDissolution dateLG ownership share (%)Initial investment (USD)Ultium Cells LLCGeneral Motors502.3 billionNextStar EnergyStellantis514.1 billionL-H Battery CompanyHonda513.5 billionHL-GA BATTERY COMPANYHyundai Motor Company504.3 billionLG-HY BCMZhejiang Huayou Recycling TechnologyToyota TsushoDerichebourg50Green Metals Battery InnovationsToyota Tsusho49

Supply Agreements +ClientAgreement dateDeal value (USD)Supply start dateOriginal contract duration/Supply end dateTermination dateForecasted supply (GWh)Toyota~3 billion20Ampere (company)5 years39Aptera Motors499.2 million4.4O&J Automotive Netherlandsestimated 1 trillion won ($732 million)6 years8Tesla, Inc.$4.3 billionFord Motor Company4-6 years109Mercedes-Benz Group202810 years50.52028322029751.4 billion2028

Controversies According to General Motors, manufacturing defects in batteries supplied for Chevrolet Bolt caused 13 confirmed battery fires. The faulty batteries were produced in LGES plants in South Korea and Michigan, and GM pursued reimbursement from LG. In the end, LGES and LG Electronics agreed to pay GM up to $1.9 billion for the recalls on every car produced since 2016.

LG Energy Solution

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