LG Energy Solution Releases 2026 First-Quarter Financial Results
* LG Energy Solution posts KRW 6.6 trillion in consolidated revenue and KRW 207.8 billion in operating loss in Q1 2026 * In Q1, the company secured over 100GWh of new orders for its 46-Series cylindrical EV batteries, with the order backlog exceeding 440GWh as of April * Its North American E...
LG Energy Solution Becomes First Battery Company to Join SDVerse, Global B2B Marketplace for Automotive Software
■ LG Energy Solution's participation in SDVerse, the first B2B marketplace for automotive software, reflects the company's leadership expanding beyond battery manufacturing into software and services ■ Company offers its five core battery software solutions optimized for the SDV environment SEO...
LG Energy Solution Releases 2025 Financial Results
* LG Energy Solution posts KRW 23.7 trillion in consolidated revenue and KRW 1.3 trillion in operating profit in 2025 * Company aims for a mid-teen to 20 percent year-on-year increase in annual revenue and mid-single-digit percent operating profit margin this year - Aim for more than 90...
LG Energy Solution to Enter Aerospace Battery Sector in Partnership with South8 Technologies
* LG Energy Solution signs strategic development collaboration with a visionary U.S. startup South 8 Technologies to co-develop space-rated batteries capable of functioning at ultra-low temperatures as low as -60 °C * Companies to join forces with KULR Technology Group and NASA to secure ext...
LG Energy Solution and Toyota Tsusho Establish a Battery Recycling Joint Venture in the U.S.
* The joint venture company Green Metals Battery Innovations will construct a pre-processing facility inNorth Carolina to extract black mass, a key material for battery recycling * The new facility objective is to achieve an annual processing capacity of 13,500 tons of scrap, equivalent to ov...
LG Energy Solution Releases 2025 First-Quarter Financial Results
* LG Energy Solution posts KRW 6.3 trillion in consolidated revenue and KRW 375 billion in operating profit in Q1 2025 * Company returns to profitability through rigorous cost-cutting efforts * Company to focus on operational efficiency, cost reduction, and strategic business opportunities t...
LG Energy Solution Establishes Battery Recycling Joint Venture with Derichebourg
* Companies to build pre-processing facility in northern France to extract 'black mass.' * Construction to begin in 2026; operations to commence in 2027 * LG Energy Solution marks a critical first step toward a closed-loop system inEurope to strengthen value chain competitiveness. SEOUL, Sou...
LG Energy Solution Secures Grid-scale ESS Supply Agreement in Europe with Poland's PGE
* LG Energy Solution to supply 981MWh of grid-scale ESS batteries from 2026 to 2027 * The company to deliver first grid-scale ESS batteries manufactured at its Poland facility SEOUL, South Korea, March 24, 2025 /PRNewswire/ -- LG Energy Solution announced today that it has signed an agreeme...
LG Energy Solution Releases 2024 Financial Results
* LG Energy Solution posts KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit in 2024 * Company to focus on proactively responding to market volatilities in the short term and securing fundamental competitiveness in the mid-to-long term * This year's guidance...
LG Energy Solution Ranked as the World's 12th Most Sustainable Company, Number One Among Battery Manufacturers
* Corporate Knights acknowledges LG Energy Solution in the World's 100 Most Sustainable Corporations 2025 list, placing it in the top position among its industry peer group * Recognition in sustainable revenue and sustainable investment were the main drivers of the strong performance, as well...
LG Energy Solution to Exclusively Supply Cylindrical Batteries for Aptera's Solar Electric Vehicles
* LG Energy Solution signs battery cell supply agreement with Aptera and CTNS * The company will supply 2170 cylindrical battery cells over seven years for the 'Aptera,' aimed to launch in the U.S. market in 2025 * The company secures leadership in the emerging solar EV sector through diff...
LG Energy Solution Hosts 'Battery Innovation Contest (BIC) 2025' to Foster Breakthrough Battery Technologies
* The company opens international research contest to strengthen technology leadership; open for entries untilJanuary 31, 2025 * Selected researchers to receive annual research funding of up to USD 150,000 annually * BIC program revamped to enhance two-way collaboration between industry and ...
LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology
* Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM's future EVs * The agreement marks an extension of the two companies' successful 14-year battery technology partnership * LG Energy Solution to become the first g...
LG Energy Solution Signs MoU with Bear Robotics to Become Exclusive Supplier of Cylindrical Batteries
* LG Energy Solution's cylindrical batteries to power Bear Robotics' service and logistics robots starting from next year * In addition to exclusive battery supply agreement, companies will collaborate on technology * Partnership with Bear Robotics demonstrates LG Energy Solution's commitmen...
LG Energy Solution to Supply Next-Generation 4695 Cylindrical Batteries to Rivian
* Supply agreement will last over five years and total 67GWh. * 4695 cells, offering a long range and high safety, will be produced in the U.S. * Batteries will power Rivian's R2 model for the North American market. SEOUL, South Korea, Nov. 7, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 3...
LG Energy Solution Releases 2024 Third-Quarter Results
* LG Energy Solution posts KRW 6.8778 trillion in consolidated revenue and KRW 448.3 billion in operating profit * The company secures large-scale supply agreements leveraging new form factors and chemistries * The company to effectively address EV/ESS market needs, with the long-term focus...
LG Energy Solution to Power Electric Versions of Ford's Commercial Vans in Europe
* LG Energy Solution to supply battery modules from its Poland facility for Ford's commercial vans in the UK and EU markets SEOUL, South Korea, Oct. 15, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced it signed supply agreements with Ford Motor Company ("Ford") to power th...
Empower Every Possibility: LG Energy Solution Unveils Corporate Vision, Announces Mid-to-Long-Term Business Strategies
* Company to expand into 'circular energy business,' going beyond battery manufacturing * LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities * The company aims to lead market as a comprehensive energy solution ...
LG Energy Solution Launches New Brand 'B.around' for Battery Management Total Solution
* Company to accelerate expansion into battery management total solution field with debut of dedicated brand, 'B.around' * Slogan for the brand, "Be Around Your Side," represents a reinforced commitment to staying close to customers, constantly monitoring various battery conditions to guarant...
LG Energy Solution to Pioneer Battery Safety Diagnostics Software Business, Exploring Unlimited Business Extension Opportunities
* Safety diagnostics software detects battery defects with an accuracy rate of over 90%, leveraging company's technological leadership backed by BMS development capabilities and empirical battery data accumulated over more than 20 years * Mounted on the BMS for automobiles, the software detec...
