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LG Energy Solution
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Short description

Global next-generation battery developer leading in lithium-ion battery technology

Founded in 2021
Founded in

Company type Public Public (LGES)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Korea Republic Seoul, Korea Republic
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Parent Companies LG Energy Solution

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Updated by at on 01/14/2025

Traction
  • 1 M&A items
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Date Company
11/18/2024

Bear Robotics Bear Robotics

LGES to supply Bear Robotics with cylindrical batteries, marking expansion into sectors beyond electric vehicles.

Confirmed by Bear Robotics
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Date Partner Type
12/23/2024
General Motors General Motors
LG Energy Solution partnered with General Motors for the joint development of prismatic batteries, becoming the only company to have all three form factors for electric vehicle (EV) batteries in its portfolio. The batteries developed through this agreement will be installed in GM’s electric vehicles.
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Confirmed by General Motors
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IPO INFORMATION

Date

01/27/2022

IPO status

Listed

IPO Type

IPO

Amount

$10.8B

Initial shares

Ticker symbol

LGES

Exchange listed

KOSDAQ

Prospectus URL

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Description

LG Energy Solution has begun taking orders for an IPO at a valuation of $55 billion. They listed on January 27, 2022. LGES shares opened at 597,000 won ($496) versus an IPO price of 300,000 won ($249). But the shares fell as much as 25 percent in early trading.

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