Deals Counterparts

LG Energy Solution

company

LG Energy Solution is a global leader in the manufacturing of advanced lithium-ion batteries for electric vehicles (EVs), energy storage systems (ESS), and IT applications. The company focuses on providing innovative battery solutions to accelerate the global energy transition and electrification across various industries, including grid infrastructure and automotive.

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Founded 2020 30,000 employees Parent: LG Chem
Battery ManufacturerOEM/EquipmentDeveloper

Strategic Overview

  • Aggressive global expansion of battery manufacturing capacity, particularly in North America, to meet surging demand for electric vehicles and grid-scale energy storage systems.
  • Strategic focus on forming joint ventures with major automotive OEMs to secure long-term supply agreements and co-invest in dedicated battery production facilities.
  • Diversifying battery cell formats (pouch, cylindrical) and chemistries to cater to a broader range of applications and customer needs.
  • Commitment to sustainability throughout the battery lifecycle, including responsible sourcing of raw materials and efforts in battery recycling.

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Key People

Youngsoo Kwon
CEO

Track Record

4
Years Active
Notable projects: Ultium Cells EV Battery Plants (US), StarPlus Energy EV Battery Plant (Canada), Honda EV Battery Plant (US), Hyundai Motor Group EV Battery Plant (US), Arizona Standalone Battery Manufacturing Complex (US), Vistra Moss Landing Energy Storage System (US)

Detailed Analysis

Technologies
Battery StorageEV ChargingSolar PV
Sectors
Energy TransitionUtilitiesTransportDigital/Telecom
Geographies
South KoreaUnited States (4 deals)Canada (1 deal)PolandGermanyChinaIndonesia (1 deal)AustraliaJapanIndia
Deal Stage
GreenfieldOperating

Subsidiaries

LG Energy Solution Michigan Inc.LG Energy Solution Wroclaw Sp. z o.o.LG Energy Solution Nanjing Co., Ltd.Ultium Cells LLC (JV with General Motors)StarPlus Energy (JV with Stellantis)LG Energy Solution & Honda JVLG Energy Solution & Hyundai Motor Group JV (US)LG Energy Solution & Hyundai Motor Group JV (Indonesia)

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