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LG ENERGY SOLUTION

Company Snapshot

Founded: 2020
Entity Type: Public
Employees: 32,071
Region: America
Revenue: $18,799.7 Millions
Revenue Year: 2024
Headquarter: Seoul, South Korea
Key Geographics: Korea, China, Asia and Ocenia, Americas, Europe, Other Countries
Corporate Address: Parc1,108 Yeoui-daero, Yeongdeungpo-gu, Seoul South Korea Tel. +82-2-3777-1114 www.lgensol.com

Company Overview

LG Energy Solution is a South Korean battery manufacturer providing energy solutions worldwide. The company offers batteries, including cells, modules/packs and battery management system products for use in energy storage systems, power grids, and commercial and residential applications. It also provides batteries for mobile phones and laptops, automotive batteries for EVs and ESS. The company was founded in 2020 after a split-off from LG Chem. With 30 years of experience in innovative battery technology and extensive R&D, the company holds over 63,499 patents worldwide as of July 2024. LG Energy Solution generates revenue from mobile batteries, automotive batteries, ESS batteries, and others. It has manufacturing facilities in America, Europe, and Asia through joint ventures with major automakers.

Financial Highlights (FY 2024)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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LG ENERGY SOLUTION In Reports

Residential Energy Storage, Blockchain and Energy Sharing Systems: Technologies and Global Markets

BCC Research detailed report on Residential Energy Storage Blockchain and Energy Sharing Systems Market report also stated that the U.S. energy storage installations reached 12.3 GW in 2024, representing a 33-34%...

Automotive Battery Management System: Global Markets

BCC Research Market Analyst says global market for automotive battery management system (BMS) is projected to grow from $6.4 billion in 2025 to reach $13.9 billion by the end of 2030.

Next-Generation Advanced Batteries: Global Markets

Accoriing to BCC Research Next-Generation Advanced Batteries market scenarios. 2023 is considered a base year, 2024 is an estimated year, and the market values are forecasted for five years until 2029.

View All Reports

LG ENERGY SOLUTION In News

According to industry sources on the 27th, LG Energy Solution has laun - Metal.com

Metal.com - Mar 03, 2026

LG Energy Solution to Acquire Full Ownership of NextStar Energy in Joint Strategic Decision with Stellantis - Stellantis.com

Stellantis.com - Feb 06, 2026

LG Energy selling its 7.5% stake in lithium firm Liontown, term sheet shows - Reuters

Reuters - Feb 25, 2026

Tesla expands US LFP battery supply with LG Energy Solution deal: report - Teslarati

Teslarati - Feb 25, 2026

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Company's Business Segments

  • Product : Advanced Lithium-ion Batteries, Modules, Electrode Materials
  • Service : Power brokerage, B.around, B-Lifecare, B.once, KooRoo, ESS SI, Others

Applications/End User Industries

  • Automotive
  • Consumer Electronics
  • Commercial
  • Residential
  • Robotics
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