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LG Energy Solution (LGES)
LG Energy Solution (LGES) is a global leader in advanced lithium-ion battery manufacturing, specializing in solutions for electric vehicles (EVs), energy storage systems (ESS), and IT applications. The company focuses on developing and producing high-performance, safe, and sustainable battery technologies to accelerate the global energy transition and electrification of transport and grid infrastructure.
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Technology CompanyOEM/Equipment
Strategic Overview
- Aggressive expansion of global manufacturing capacity, particularly in North America, to meet surging demand for electric vehicle and energy storage system batteries.
- Strategic focus on forming joint ventures with major automotive OEMs to secure long-term supply agreements and co-locate battery production near vehicle assembly plants.
- Commitment to diversifying battery product portfolio, including various cell formats (pouch, cylindrical) and advanced chemistries, to cater to different market needs.
- Emphasis on sustainable and responsible sourcing of raw materials and developing closed-loop recycling systems to enhance environmental stewardship.
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Sign up free →Deal History (1)
Deal Activity from Public Sources
LG Energy Solution and Hyundai Motor Group announce a joint venture for an EV battery cell manufacturing plant in Bryan County, Georgia, U.S.
LG Energy Solution announces plans to invest in a new standalone cylindrical EV and ESS battery manufacturing facility in Queen Creek, Arizona, U.S.
LG Energy Solution and General Motors announce plans for a fourth Ultium Cells battery manufacturing plant in New Carlisle, Indiana, U.S.
LG Energy Solution and Honda Motor Co., Ltd. announce a joint venture to establish a new EV battery production plant in the U.S.
LG Energy Solution and Stellantis N.V. establish a joint venture for a large-scale electric vehicle battery manufacturing plant in Windsor, Ontario, Canada.
Investment Focus
Technologies
Storage1
Geography
Canada1
Key People
Youngsoo Kwon
CEO
Lee Chang-sil
CFO
Track Record
5
Deals Completed
4
Years Active
Notable projects: Ultium Cells LLC (JV with GM) battery plants in Ohio, Tennessee, Michigan, Indiana (USA), Joint Venture battery plant with Stellantis in Ontario (Canada), Joint Venture battery plant with Honda in Ohio (USA), Joint Venture battery plant with Hyundai Motor Group in Georgia (USA), Standalone cylindrical battery plant in Arizona (USA)
Detailed Analysis
Technologies
Geographies
Deal Stage
Subsidiaries
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