LG Energy Solution Ltd
Company Profile
Business description
LG Energy Solution is the third-largest battery maker for electric vehicles with about 15% global share in 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2023. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis.
Contact
Yeongdeungpo-gu
Yeoui-daero
Seoul
KORSector
Industrials
Stock type
Sensitive
Industry
Electrical Equipment & Parts
Fiscal Year End
31 December 2025
Employees
12,511
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