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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.[1][2]

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.[3][4]

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.[5] 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.[6][7] It was South Korea's biggest IPO at that point.[8] In the first half of 2025, LGES won three injunctions against Sunwoda for patent infringement.[9] On 4 September 2025, United States Immigration and Customs Enforcement detained LG employees and contractors during a raid of Hyundai Motor Group Metaplant America.[10][11]

Partnerships

Joint Ventures

Supply Agreements

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.[38][39]

See also

  • List of electric-vehicle-battery manufacturers
  • 2025 Georgia Hyundai plant immigration raid
  • Battery industry of South Korea

External links

References

  1. Heekyong Yang, Norihiko Shirouzu. Contracts shield Asia's EV battery makers from nickel surge, for now Reuters, March 9, 2022^
  2. 2022 1H Global[1] EV & Battery Performance Review SNE research, retrieved 1 October 2022^
  3. Ji-eun Seo. Koo Bon-moo brought LG into 21st century Korea Joongang Daily, May 20, 2018^
  4. Heekyong Yang. Factbox: LG Energy Solution, the battery maker behind S.Korea's biggest IPO Reuters, December 7, 2021^
  5. Eun-jung Kim. LG Energy Solution sets sail to target growing EV market, but challenges lie ahead Yonhap, December 1, 2020^
  6. Eun-jung Kim. LG Energy Solution accelerates IPO push as it picks lead managers Yonhap News Agency, January 29, 2021^
  7. LG Energy Solution: Battery giant jumps in market debut BBC, January 27, 2022^
  8. LG Energy Solution debuts after $13 trillion frenzy in Korea's biggest IPO - The Korea Times www.koreatimes.co.kr, 2022-01-27, retrieved 2026-02-11^
  9. LG Energy Solution wins another injunction against China's Sunwoda - The Korea Times www.koreatimes.co.kr, 2025-07-24, retrieved 2026-04-06^
  10. -Kim Tong-Hyung. South Koreans face shock and confusion after worker detentions at Georgia Hyundai plant PBS News, 2025-09-08, retrieved 2026-02-07^
  11. LG Energy Solution to resume biz trips to US following Georgia detention - The Korea Times www.koreatimes.co.kr, 2025-10-02, retrieved 2026-04-02^
  12. ULTIUM CELLS Energy.gov, retrieved 2026-01-20^
  13. Site Maintenance www.ultiumcell.com, retrieved 2026-01-20^
  14. Michael Wayland. GM, LG Chem to create $2.3 billion battery cell venture for electric vehicles, to create 1,100 jobs in Ohio CNBC, 2019-12-05, retrieved 2026-01-20^
  15. LG Energy to buy GM's stake in Michigan battery plant for $2 billion koreajoongangdaily.joins.com, 2025-04-01, retrieved 2026-02-06^
  16. Who We Are – NextStar Energy nextstar-energy.com, retrieved 2026-02-06^
  17. Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada – NextStar Energy nextstar-energy.com, retrieved 2026-02-06^
  18. LG Energy Solution to Acquire Full Ownership of NextStar Energy in Joint Strategic Decision with Stellantis Stellantis.com, retrieved 2026-02-06^
  19. LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S. Honda Corporate Newsroom, 2022-08-29, retrieved 2026-01-20^
  20. LG Energy Solution and Honda Formally Establish Battery Production Joint Venture Honda Corporate Newsroom, 2023-01-13, retrieved 2026-01-20^
  21. Hyundai Motor Group and LG Energy Solution to Establish Battery Cell Manufacturing Joint Venture in the U.S. www.hyundai.news, retrieved 2026-01-20^
  22. About - hlgabattery.com, 2024-12-23, retrieved 2026-02-06^
  23. LG Energy Solution Establishes Its First Battery Recycling Joint Venture with Huayou Recycling - LG Energy Solution news.lgensol.com, retrieved 2026-02-13^
  24. Toyota Tsusho Invests in South Korea's LG-HY BCM - Establishing a Stable Supply System for Lithium-Ion Battery Materials - Toyota Tsusho Corporation, retrieved 2026-02-13^
  25. Choi Kyong-ae. LG Energy, French firm DBG set up battery recycling JV Yonhap News Agency, 2025-04-29, retrieved 2026-02-24^
  26. Toyota Tsusho and LG Energy Solution Agree to Establish Automotive Battery Reclamation Joint Venture in North America Toyota Tsusho Corporation, retrieved 2026-02-13^
  27. Garrett Mast. LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement to Power Electric Vehicles in the U.S. Toyota USA Newsroom, 2023-10-04, retrieved 2026-01-20^
  28. LG Energy Solution to Supply LFP EV Batteries to Renault Group’s Ampere - LG Energy Solution news.lgensol.com, retrieved 2026-01-20^
  29. Park Li-na. LG Energy Solution to supply W730b cylindrical cells to Aptera Motors THE INVESTOR, 2025-01-10, retrieved 2026-02-24^
  30. estimated 1 trillion won ($732 million)^
  31. LG to supply EV batteries to China's Chery - The Korea Times www.koreatimes.co.kr, 2025-06-16, retrieved 2026-02-24^
  32. Jonathan M. Gitlin. Tesla picks LGES, not CATL, for $4.3 billion storage battery deal Ars Technica, 2025-07-30, retrieved 2026-02-24^
  33. LG Energy Solution to Power Electric Versions of Ford’s Commercial Vans in Europe - LG Energy Solution news.lgensol.com, retrieved 2026-01-17^
  34. Ford cancels EV battery deal worth $6.5 billion with South Korea's LG Energy Solution CNBC, 2025-12-17, retrieved 2026-01-17^
  35. Moon Joon-hyun. LG Energy Solution wins 10-year battery supply deal from Mercedes The Korea Herald, 2024-10-08, retrieved 2026-02-06^
  36. Byun Hye-jin. LG Energy Solution deepens Mercedes-Benz ties with massive battery deals The Korea Herald, 2025-09-03, retrieved 2026-02-06^
  37. LG Energy Solution lands $1.4 bil. Mercedes-Benz battery deal - The Korea Times www.koreatimes.co.kr, 2025-12-08, retrieved 2026-02-06^
  38. Michael Wayland. LG to pay up to $1.9 billion to General Motors over Bolt EV battery fires CNBC, October 12, 2021^
  39. Seung-yeon Kim. LG units to repay GM 1.4 tln won for Bolt EV battery recall costs Yonhap News Agency, October 13, 2021^