LG Energy Solution

Corporate brand

A South Korean battery manufacturer supplying electric vehicles, energy-storage systems, and other rechargeable-battery applications.

Last updated August 27, 2026

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First read: Nov 4, 2026
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Overview

LG Energy Solution Ltd. is a South Korean battery manufacturer headquartered in Seoul and affiliated with the LG Group. The company develops and produces rechargeable batteries for electric vehicles, energy-storage systems, and other applications requiring portable or stationary electrical storage. It is one of the largest battery suppliers serving the global automotive industry. The business originated within LG Chem rather than being created from scratch as an independent company. LG Chem began researching rechargeable batteries after LG Group chairman Koo Bon-moo visited the United Kingdom Atomic Energy Authority in 1992 and returned with rechargeable-battery samples. The initiative developed into a substantial battery program, and LG Chem produced South Korea’s first lithium-ion battery in 1999. During the late 2000s, the business began supplying automotive batteries for the Chevrolet Volt, helping establish LG as an international vehicle-battery supplier. It later supplied batteries to automakers including Ford, Chrysler, Audi, Renault, Volvo, and SAIC Motor. In September 2020, LG Chem announced plans to separate its battery business in response to rapidly increasing demand from global automotive manufacturers. The battery business was formally separated and renamed LG Energy Solution in December 2020. The new company subsequently pursued an initial public offering to raise capital for additional production capacity. Its shares began trading on the Korea Exchange in January 2022, in what was described in the cited reference material as South Korea’s largest IPO at that time. LG Energy Solution’s business scope includes batteries for electric cars and other electric vehicles, battery systems for energy storage, and related rechargeable-battery technologies. Its automotive portfolio has included nickel-cobalt-manganese chemistry and other lithium-ion formats, while its energy-storage activities address grid, commercial, and residential use cases. The company’s competitive position is based on manufacturing scale, relationships with global vehicle manufacturers, chemistry and cell-development capabilities, and expansion into overseas production. The company has also faced product-quality and legal issues. General Motors attributed 13 confirmed Chevrolet Bolt battery fires to manufacturing defects in batteries supplied by LG businesses. The batteries were produced at facilities in South Korea and Michigan, and LG Energy Solution and LG Electronics ultimately agreed to pay General Motors up to $1.9 billion in connection with recalls covering vehicles produced since 2016. In 2025, the company was reported to have obtained three injunctions against Sunwoda in patent-infringement proceedings. The same year, LG employees and contractors were reportedly detained during a United States Immigration and Customs Enforcement raid at Hyundai Motor Group’s Metaplant America in Georgia. These events illustrate the regulatory, intellectual-property, labor, and safety issues associated with large-scale battery manufacturing. LG Energy Solution remains an active, publicly traded battery company within the LG Group. Its principal strategic role is to supply increasingly electrified transportation and stationary energy infrastructure, while expanding production capacity and serving automakers and energy customers across multiple regions.

History

LG Energy Solution traces its origins to LG Chem’s rechargeable-battery research. In 1992, LG Group chairman Koo Bon-moo visited the United Kingdom Atomic Energy Authority and brought rechargeable-battery samples back to Korea. The visit helped prompt LG Chem to begin research into a technology that was then emerging as an important alternative to older rechargeable-battery systems. LG Chem’s research developed into commercial production. The company produced South Korea’s first lithium-ion battery in 1999 and subsequently expanded from consumer and industrial battery work into automotive applications. In the late 2000s, LG Chem began supplying batteries for the Chevrolet Volt produced by General Motors. This program gave the company experience in automotive qualification, large-scale production, and integration with a global vehicle manufacturer. LG Chem later became a supplier to a number of international automakers, including Ford, Chrysler, Audi, Renault, Volvo, and SAIC Motor. As electric-vehicle adoption increased, the battery operation became strategically more important within LG Chem. In September 2020, LG Chem announced that it would spin off the battery business so that it could respond more directly to rising demand from global automotive customers and pursue expansion as a specialized company. The separation was completed in December 2020, when the battery business became LG Energy Solution Ltd. After its formation, LG Energy Solution sought access to public capital to increase battery-production capacity. The company completed its initial public offering and began trading on the Korea Exchange in January 2022. The listing was described in the cited reference material as South Korea’s largest IPO at that point. The independent structure allowed LG Energy Solution to present itself as a dedicated battery manufacturer while remaining connected to the broader LG Group. The company’s operations encompass batteries for electric vehicles and energy-storage systems. Its automotive business serves global vehicle manufacturers, while its stationary-storage business addresses applications such as grid balancing and other forms of stored electricity. The company’s product portfolio has included lithium-ion batteries using nickel-cobalt-manganese chemistry, alongside other formats and system configurations. Its international strategy has involved supplying customers across major automotive markets and increasing manufacturing capacity near those customers. LG Energy Solution’s history has also included significant quality, legal, and regulatory challenges. General Motors said that manufacturing defects in batteries supplied by LG businesses contributed to 13 confirmed fires involving Chevrolet Bolt vehicles. The affected batteries were produced at facilities in South Korea and Michigan. LG Energy Solution and LG Electronics ultimately agreed to pay GM up to $1.9 billion for recalls involving vehicles produced since 2016. The episode became one of the most prominent safety controversies associated with the company’s battery operations. The company has continued to defend its intellectual-property position. During the first half of 2025, it was reported to have obtained three injunctions against Sunwoda in patent-infringement cases. In another 2025 event, United States Immigration and Customs Enforcement detained LG employees and contractors during a raid at Hyundai Motor Group’s Metaplant America in Georgia. Together, these developments demonstrate the complex legal, labor, and regulatory environment surrounding the global expansion of battery manufacturing. Today, LG Energy Solution is an active, listed company headquartered in Seoul. Its development reflects the transformation of rechargeable batteries from a research activity within a diversified chemical group into a large independent business serving electric transportation and stationary energy infrastructure.

2025
Patent injunctions against Sunwoda
[1]LG Energy Solutionen.wikipedia.org
The company was reported to have won three injunctions against Sunwoda in patent-infringement proceedings during the first half of the year.
2022
Korea Exchange listing
[1]LG Energy Solutionen.wikipedia.org
LG Energy Solution debuted on the Korea Exchange after an IPO intended to support production-capacity expansion.
2020
Battery business spun off from LG Chem
[1]LG Energy Solutionen.wikipedia.org
LG Chem announced and completed the separation of its battery business, which became LG Energy Solution in December.
2000
Entry into automotive battery supply
[1]LG Energy Solutionen.wikipedia.org
During the late 2000s, LG Chem began supplying automotive batteries for General Motors’ Chevrolet Volt.
1999
First Korean lithium-ion battery
[1]LG Energy Solutionen.wikipedia.org
LG Chem produced South Korea’s first lithium-ion battery.
1992
LG begins rechargeable-battery research
[1]LG Energy Solutionen.wikipedia.org
Following Koo Bon-moo’s visit to the United Kingdom Atomic Energy Authority, LG began researching rechargeable-battery technology.

Products and positioning

A global, technology-focused battery manufacturer emphasizing automotive-scale lithium-ion production, electric-vehicle supply, and energy-storage applications.

Automotive batteries
Electric-vehicle batteries
LG Energy Solution supplies rechargeable battery cells and related battery systems for electric vehicles and other automotive applications. The business grew through relationships with international automakers and is built around lithium-ion technologies, high-volume manufacturing, and automotive qualification requirements. Products may be delivered as cells, modules, or integrated battery systems depending on customer and vehicle architecture.
Battery chemistry
NCM lithium-ion batteries
Nickel-cobalt-manganese batteries are part of the company’s automotive-oriented lithium-ion portfolio. NCM chemistry is used in applications where energy density, power delivery, packaging, and vehicle range are important considerations. LG Energy Solution has developed and supplied such batteries for global automotive customers.
Stationary energy storage
Energy-storage-system batteries
The company provides battery products and systems for energy-storage applications. These systems are intended for stationary uses rather than vehicle propulsion and can support storage of electricity for grid, commercial, and other energy-management requirements. The offering extends LG Energy Solution beyond automotive supply into broader energy infrastructure.

Controversies

2025
Georgia immigration raid involving LG personnel
United States Immigration and Customs Enforcement detained LG employees and contractors during a 4 September 2025 raid at Hyundai Motor Group’s Metaplant America. The event raised labor and immigration-compliance concerns associated with overseas industrial expansion.
Source
2021
GM announces second recall of Chevrolet Bolt EVs
General Motors announced a second recall covering about 69,000 2017–2019 Chevrolet Bolt EVs globally after identifying a battery-cell manufacturing defect that increases fire risk. GM said it would replace defective battery modules free of charge and asked affected owners to limit charging and take other precautions.
Source
Chevrolet Bolt battery-fire recalls
General Motors said manufacturing defects in batteries supplied by LG businesses caused 13 confirmed Chevrolet Bolt battery fires. The affected batteries were made in South Korea and Michigan, and LG Energy Solution together with LG Electronics agreed to pay GM up to $1.9 billion in connection with recalls covering vehicles produced since 2016.
Source

2022
Complete the initial public offeringOther
Background
LG Energy Solution required capital to expand battery-production capacity as electric-vehicle and energy-storage demand grew.
Action taken
The company completed an IPO and began trading on the Korea Exchange in January 2022.
Aftermath
The listing gave the company access to public equity markets while retaining its position as an LG Group affiliate.
Source
2020
Separate the battery business from LG ChemStrategy
Background
Demand for batteries from global automotive manufacturers was increasing, and LG Chem sought a structure focused specifically on the battery business.
Action taken
LG Chem announced the spin-off in September 2020 and completed the separation in December 2020 under the LG Energy Solution name.
Aftermath
The new company became a dedicated battery manufacturer within the LG Group and later raised capital through a public listing.
Source

Recent events

2026.11.02
Reported2026.11.03
LG Energy Solution reports third-quarter 2026 results[4]LG Energy Solution公布2026年第三季度业绩prnewswire.com
LG Energy Solution announced third-quarter 2026 consolidated revenue of KRW 9.6 trillion and operating profit of KRW 756 billion.
2026.10.28
Reported2026.10.28
LG Energy Solution and Energix sign energy storage cooperation MoU[5]LG Energy Solution与Energix签署储能合作备忘录n.yam.com
LG Energy Solution and Energix Renewable Energies signed a non-binding memorandum of understanding to expand their strategic cooperation on battery energy storage system projects, particularly in Europe and the United States.
Unconfirmed
LG expands partnership with NVIDIA in robotics and AI businesses[6]LG扩大与英伟达在机器人和AI业务上的合作finance.eastmoney.com
LG is expanding its cooperation with NVIDIA in robotics and other businesses, planning to release a next-generation humanoid robot in the first quarter of next year that uses NVIDIA Jetson Thor as its onboard computing platform and is developed based on the NVIDIA Isaac GR00T humanoid robot foundation model and NVIDIA Halos for Robotics safety system. The two companies are also advancing AI factory construction using NVIDIA's DSX AI factory architecture and LG's 'One IG' technologies, with plans for a demonstration project based on NVIDIA Vera Rubin in the first half of 2027 and an 80-megawatt LG AI factory in South Korea's South Chungcheong Province in the first half of 2028.
Unconfirmed
LG Energy Solution appoints chief data officer[7]LG新能源任命首席数据官auto.sina.com.cn
LG Energy Solution appointed Peter Kyungsuk Pyun as chief data officer. The source says the appointment is intended to help transform its battery factories into data-centered smart factories.
Unconfirmed
Reported2022.02.17
LG Energy Solution completes acquisition of NEC Energy Solutions[8]LG能源解决方案完成收购NEC能源解决方案prnewswire.com
LG Energy Solution completed its acquisition of NEC Energy Solutions, a U.S.-based grid battery integrator, to expand its energy storage system business.
2022.01.25
Reported2022.01.25
GM announces $7 billion Michigan investment and production expansion[9]通用汽车宣布在密歇根州投资70亿美元并扩大生产michigan.gov
General Motors announced a $7 billion investment in Michigan, including plans to convert its Orion Township assembly plant to produce full-size electric pickups and to build an Ultium battery-cell plant in the Lansing area.
2021.12.15
Reported2021.12.15
LG Energy Solution and LG Chem invest in Li-Cycle[10]LG新能源与LG化学投资Li-Cyclefinance.sina.com.cn
LG Energy Solution and LG Chem announced a strategic investment of $50 million in Li-Cycle, with each company contributing $25 million to acquire Li-Cycle common shares.
2021.10.18
Reported2021.10.22
Stellantis and LG announce North American battery joint venture[11]Stellantis与LG宣布在北美建立电池合资企业epochtimes.com
Stellantis said it had signed a memorandum of understanding with LG Energy Solution to establish a joint venture producing electric-vehicle battery cells and modules in North America.
2021.07.23
Reported2021.07.23
GM announces second recall of Chevrolet Bolt EVs[3]GM announces second recall of Chevrolet Bolt EVsnbcchicago.com
General Motors announced a second recall covering about 69,000 2017–2019 Chevrolet Bolt EVs globally after identifying a battery-cell manufacturing defect that increases fire risk. GM said it would replace defective battery modules free of charge and asked affected owners to limit charging and take other precautions.
2021.04.16
Reported2021.04.16
GM and LG Energy Solution announce a second Ultium battery factory[12]通用汽车与LG能源解决方案宣布建设第二座Ultium电池工厂columbiadailyherald.com
General Motors and LG Energy Solution announced plans to build a second Ultium Cells electric-vehicle battery factory in Spring Hill, Tennessee. The facility is expected to open in late 2023.

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