## LG Energy Solution: Overview LG Energy Solution Ltd. (LGES) is a global leader in advanced battery technology, headquartered in Seoul, South Korea. The company specializes in the development and production of lithium-ion batteries for electric vehicles (EVs), mobility and IT devices, and energy storage systems (ESS), positioning itself as a key player in the green energy transition[1][2]. As of 2024, LGES is one of the world’s largest battery manufacturers, ranking second globally by market share and competing with giants like CATL, Panasonic, SK Innovation, and Samsung SDI[1]. ## History and Evolution The roots of LG Energy Solution trace back to 1992, when LG Group chairman Koo Bon-moo initiated battery research after a visit to the United Kingdom Atomic Energy Authority. LG Chem, LGES’s parent, produced Korea’s first lithium-ion battery in 1999 and became a key supplier to global automakers, including General Motors for the Chevrolet Volt[1]. Recognizing the explosive growth in demand for automotive batteries, LG Chem spun off its battery division in December 2020, creating LG Energy Solution as an independent entity[1]. The company went public on the Korea Exchange in January 2022 to fund rapid expansion and meet surging market needs[1]. ## Key Achievements and Innovations LGES has established itself as a pioneer across multiple sectors. It supplies batteries for 13 of the world’s top 20 automotive brands, driving the global EV revolution[2][4]. The company is also the first in the industry to supply batteries for electric ships, drones, and even NASA’s battery-powered spacesuits, demonstrating its technological versatility[4]. Its product portfolio spans advanced automotive batteries (EVs, hybrids, plug-in hybrids), mobility and IT batteries (for laptops, power tools, light electric vehicles), and ESS solutions for grids, commercial, and residential use[2][4]. ## Current Status and