Seoul energy storage lithium battery company

Where is LG Energy Solution headquartered?

An employee walks past the logo of LG Energy Solution, located in Seoul, South Korea.

Does Korea have a lithium ion battery market?

Korea’s domestic ESS market is close to non-existent at the current point mostly due to the previous lithium-ion battery fires, while the global market is growing very fast. So we are receiving a number of offers from companies in the United States and the European region, especially from power suppliers and EV charging service providers.

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.

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.

Are lithium-ion batteries safe?

However, with lithium-ion battery fires at energy storage facilities hitting the headlines across the globe, inevitable safety risks remain one of the biggest drawbacks of predominant lithium-based nickel-cobalt-manganese (NCM) or lithium ferro-phosphate (LFP) batteries. Standard Energy believes it has a solution to that issue.

When did LG Chem start supplying lithium-ion batteries?

LG Chem produced Korea's first lithium-ion battery in 1999 and began supplying automotive batteries for the Chevrolet Volt produced by General Motors in the late 2000s. Later, the company became a battery supplier to global car makers, including Ford, Chrysler, Audi, Renault, Volvo and SAIC Motor.