LG Energy Solution Ltd.
KKRX:373220383,000.00
KRW
-7,000.00
(-1.79%)
ISIN
KR7373220003
Return %
Stock
S&P 500
1Y
-14.41
13.14
3Y
-12.26
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
KRW
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in mil. unless spec.Growth Rates
KRW
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in mil. unless spec.Quarterly Revenue
KRW
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in mil. unless spec.Quarterly Earnings Per Share
KRW
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in mil. unless spec.Quarterly Dividends Per Share
KRW
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in mil. unless spec.Company Description
- CEO
- Dong-Myung Kim
- Full Time Employees
- 12,922
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 108, Yeoui-daero Seoul SL South Korea 07335
- IPO Date
- Jan 27, 2022
- Website
- lgensol.com
- Similar Companies
- Business
- LG Energy Solution, Ltd. (373220.KS) manufactures and supplies lithium-ion batteries and energy storage solutions worldwide, operating through three core segments: advanced automotive batteries for electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and micro-hybrids (μ-HEVs) in cell, module, pack, and battery management system (BMS) formats; mobility and IT batteries encompassing cylindrical, pouch, and free-form types for information technology equipment, power tools, light electric vehicles (LEVs), and other wireless applications; and energy storage system (ESS) batteries including cells, packs, and racks for grid-scale, commercial, and residential uses. Headquartered in Seoul, South Korea, and established in 2020 as a spin-off from LG Chem's battery division, the company maintains a global production network with facilities in South Korea, the United States (including joint ventures like Ultium Cells with General Motors and plants in Michigan, Ohio, Tennessee, and Arizona), Poland, China (Nanjing), Indonesia (Karawang with Hyundai Motor Group), Canada (NextStar Energy with Stellantis), and expansions planned in Türkiye (with Ford and Koç Holding); it serves major automotive clients such as Ford, General Motors, Volvo, Renault, Hyundai, Honda, and Stellantis across North America (45% capacity), Asia (35%), and Europe (20%) by 2025, targeting a total annual capacity of 540 GWh. Recent developments include a July 2024 strategic partnership with Liontown Resources, featuring a US$250 million convertible note investment and a 10-year offtake agreement for lithium spodumene from the Kathleen Valley project in Australia, alongside exploration of a joint lithium refinery; a September 2025 five-year battery-grade lithium supply deal with Anson Resources; the November 2025 announcement of a partnership with South 8 Technologies to develop space-rated lithium-ion batteries for the aerospace sector; the launch of the "B.once" 5-minute EV battery diagnostic service in 2025 to support used EV markets; completion of the Ultium Cells Plant 3 acquisition in the US in 2025; scaling back capacity expansions to prioritize utilization while initiating US ESS battery production and high-capacity LFP batteries in 2025; and the introduction of the BMTS brand "B.around" in 2024 for battery management services.