LG Energy Solution

Korea's LG Energy Solution (LGES) is a major player in the battery maket. It has been making aggressive moves in a bid to expand its market share.

IN THE NEWS

Monday 23 June 2025

Top-100 firms contribute KRW1.6 quadrillion to South Korea economy in 2024

In 2024, South Korea's top-100 companies generated an estimated KRW1,615 trillion (US$1.16 trillion) in total economic contribution,...

Tuesday 27 May 2025

Tesla's budget EV raises alarm among Korean, Japanese battery giants

As Tesla's long-rumored low-cost electric vehicle appears poised for launch, anxiety is rising across its global battery supply chain—particularly...

Friday 2 May 2025

LGES bows out of Indonesian EV battery deal—China's Huayou poised to fill the void

LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China's Zhejiang...

Tuesday 22 April 2025

LG Energy Solution withdraws from US$8.45 billion EV battery project in Indonesia

According to Reuters and Yonhap, South Korea's LG Energy Solution announced on April 21, 2025, that it has formally withdrawn from a major US$8.45 billion electric...

Friday 28 March 2025

LG Energy Solution to supply 1GWh of ESS batteries for Poland's clean energy transition

LG Energy Solution (LGES) has signed a battery supply deal with Polish utility Polska Grupa Energetyczna (PGE) to deliver lithium iron phosphate (LFP) batteries for a 1GWh energy...

Tuesday 24 December 2024

LGES lands 3rd major North American ESS deal in 2024

LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026...

Thursday 19 December 2024

China leads battery materials as South Korea's Posco Future M faces exit; Lotte eyes LFP mass production

China's battery materials sector is thriving, backed by government subsidies, low electricity costs, and cheaper labor, enabling aggressive investment. In contrast, South Korean firms,...

Thursday 12 December 2024

CATL leads the global battery race: South Korea's top 3 makers struggle to keep up

Global EV battery demand outside China increased by 12.7% from January to October 2024. South Korea's top battery makers—LG Energy Solution (LGES), SK On, and Samsung SDI—recorded...

Monday 9 December 2024

LGES acquires GM battery plant after Trump's election

In light of the sluggish electric vehicle (EV) market and uncertainties following Donald Trump's re-election, LG Energy Solution (LGES) will acquire all shares of the battery plant...

Wednesday 20 November 2024

LG Group to invest KRW1.8 trillion over five years, aiming for net zero carbon emissions by 2050

LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and...

Monday 18 November 2024

LG Energy Solution becomes SpaceX's first long-term battery supplier in strategic aerospace shift

LG Energy Solution (LGES) is set to become SpaceX's first long-term external battery supplier, marking a strategic shift from SpaceX's traditional reliance on in-house battery production...

Thursday 17 October 2024

LGES reportedly wins multi-billion dollar Mercedes-Benz deal to supply 4680 EV batteries starting 2028

LG Energy Solution (LGES) has reportedly secured a major contract to supply Mercedes-Benz with next-generation 4680 cylindrical batteries for electric vehicles (EVs), starting in...

Monday 22 July 2024

Why didn't SK On make a profit in any of the 10 quarters since its establishment?

The SK Group views EV-related businesses as a key growth area for the future, which is why its battery subsidiary SK On invested over KRW20 trillion (US$14.5 billion) to expand its...

Thursday 4 July 2024

LGES reportedly obtains huge LFP battery orders

LG Energy Solution (LGES) has reportedly received major lithium iron phosphate (LFP) battery orders from French car maker Renault, providing a boost to the South Korean supply chai...

Thursday 4 July 2024

Renault pushing new partnership model for LFP batteries

Renault is pushing a new partnership model for lithium iron phosphate (LFP) batteries by collaborating with its Chinese and South Korean battery suppliers in Europe.

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