Lg energy storage development path

How will LG Energy Solution diversify its EV products & customers?

Second, LG Energy Solution will diversify its EV products and customers. Beyond premium batteries centered on high-nickel chemistry, the company will improve its competitiveness in affordable markets through its LFP, LMFP, and high-voltage mid-nickel products.

What is LG Energy Solution's 'empower every possibility' vision?

SEOUL, October 7, 2024 – LG Energy Solution has announced its corporate vision of “Empower Every Possibility” with the aim of transcending the battery manufacturing sector and positioning itself at the heart of the global circular energy ecosystem.

What will LG Energy Solution do for the battery industry?

Finally, LG Energy Solution will focus all efforts on securing leadership in next-generation battery technologies to bring more innovation to the sector. Regarding solid-state batteries, the company plans to lead the market by producing anodeless products that exclude lithium anodes, and ‘graphite-based’ anode products.

Why should you choose LG Energy Solution VerTech?

“Being selected by experienced US project developers supports our vertically integrated approach to the market,” Jaehong Park, CEO and President of LG Energy Solution Vertech shared.

What will LG Energy Solution do in the long term?

In the long term, LG Energy Solution plans to proactively respond to the rapidly changing market and secure high-margin opportunities by developing next-generation products and strengthening its power trading business.

What are LG Energy Solution's five-year goals?

LG Energy Solution presented its five-year goals to more than double the revenue compared to 2023 (KRW 33.7 trillion), and achieve mid-teen percent EBITDA margin (excluding the IRA tax credit) by 2028 to secure stable profitability and cash generation capabilities.