What LG Energy Solution makes

LG Energy Solution manufactures lithium-ion battery cells, modules, and packs for electric vehicles, energy storage systems, and a range of adjacent applications including commercial vehicles, light electric vehicles, power tools, and industrial robotics. The company's automotive offering covers the full format spectrum: cylindrical cells in 21700 and 46-series geometries, laminated pouch cells, and prismatic cells in both NCM and LFP chemistries.

The cylindrical and 46-series programs are among the more consequential product lines in the current generation of EV battery development. LGES produces 46-series cylindrical cells, with a diameter of 46 mm and heights ranging from 80 mm to 120 mm, and positions them as the primary format for next-generation high-energy-density EV packs and fast-charging applications. The pouch format, which the company developed over decades inside LG Chem's battery division, remains in production for passenger-car programs where volumetric efficiency takes priority over cell standardization. LFP chemistry, added commercially in recent years, targets cost-sensitive ESS and commercial-vehicle programs where cycle life and thermal stability matter more than energy density.

Beyond cells and modules, LGES has built a service layer it brands under the B.around umbrella, covering battery diagnostics, state-of-health estimation, and lifecycle management. The company also operates a grid-level energy brokerage function under its VPP platform. These services sit alongside the core cell manufacturing business and are aimed at capturing value from installed battery fleets through their operational and second-life phases.

The company's supply chain for raw materials includes long-term contracts and equity investments in upstream lithium and nickel supply, a pattern common to large-scale cell manufacturers managing total cost of ownership and supply chain risk.

Financial performance

LG Energy Solution generated approximately €8.6 billion in automotive-sector revenue in FY2025, a decline of 21.8% from €11.0 billion in FY2024, per the Berylls by AlixPartners Top-100 Automotive Suppliers study. The company ranked 37th globally among automotive suppliers on that basis. The operating income margin was -4.9% in FY2025, a slight improvement from -5.1% in FY2024.

At the consolidated level, which includes ESS, consumer electronics, and other non-automotive segments, LGES reported KRW 23.7 trillion in total revenue and KRW 1.3 trillion in operating profit for FY2025, per the company's own earnings release dated January 29, 2026. The gap between the Berylls automotive figure and the consolidated total reflects the breadth of LGES's non-automotive battery business.

The revenue decline in the automotive segment reflects conditions that affected the battery sector broadly in 2024 and 2025: EV demand in key markets grew more slowly than the capital programs assembled to serve that demand, battery cell prices fell sharply, and several OEM customers deferred or restructured order volumes. General Motors, for example, exited its joint-venture ownership position in the Ultium Cells Lansing facility in early 2025. LGES guidance issued in January 2026 called for mid-teen to 20% consolidated revenue growth in 2026 and a mid-single-digit operating margin, indicating management's expectation that the trough is behind them. The 46-series cylindrical format and ESS capacity expansion are cited as the primary growth drivers in the company's investor materials.

Employees: approximately 32,760 as of the company's most recently published figures, across domestic (11,974) and overseas (20,786) operations.

Ownership and history

LG Chem's battery operation dates to 1992. LG Energy Solution was incorporated as an independent entity in December 2020, completing a legal separation of the battery division from the broader LG Chem chemicals and materials business. The intent was to allow focused investment, separate public financing, and a clearer governance structure for what had become LG Chem's largest and fastest-growing division.

LGES listed on the Korea Exchange (KRX: 373220) in January 2022. The IPO raised approximately KRW 12.75 trillion, placing it among the largest in Korean market history. LG Chem remains the controlling shareholder. The company is headquartered in Seoul, South Korea, in a building it refers to as the LG Energy Solution Tower.

Production footprint spans six countries. South Korean plants operate in Ochang and Cheongju. The European facility in Wroclaw, Poland handles pouch cell production for European OEM programs. US manufacturing includes facilities in Holland, Michigan; Warren, Ohio (Ultium Cells, operated with General Motors); Spring Hill, Tennessee (Ultium Cells); and a standalone plant in Lansing, Michigan, which began production in August 2026 after General Motors divested its stake in the joint venture. LGES also operates in China and Indonesia, with a Canadian facility announced through a joint venture.

Certifications and quality

The company states its quality management systems align with IATF 16949, the automotive sector's primary quality standard for production part approval and manufacturing process control. LGES's own materials describe a quality organization that manages to IATF, ISO, and VDA standards, the latter being a framework widely required by German OEM customers including Volkswagen Group. The company also maintains ISO 45001 safety management certification, disclosed on its ESG pages, and targets environmental management systems consistent with ISO 14001 requirements per its ESG reporting.

A dated IATF 16949 certificate was not found on the company's public site during the preparation of this profile. The claim is consistent with the company's customer base, which includes OEMs that routinely audit suppliers to IATF 16949.

Known customers

LGES supplies the majority of its output under long-term contracts with major OEMs, most of which are publicly disclosed through press releases or regulatory filings.

General Motors and LGES operate three Ultium Cells joint-venture factories in the United States: the Spring Hill, Tennessee facility; the Warren, Ohio plant; and the Lansing, Michigan plant, the last of which LGES now operates independently after GM divested its stake in early 2025. The Ultium platform underpins a range of GM EVs including the Chevrolet Silverado EV, Chevrolet Blazer EV, and Chevrolet Equinox EV.

Stellantis and LGES operate the StarPlus Energy joint venture in Kokomo, Indiana, targeting battery supply for Stellantis North American EV programs.

Toyota signed a long-term supply agreement with LGES in October 2023 for 20 GWh annually of high-nickel NCMA modules from the Michigan facility, beginning in 2025. Bloomberg reported in February 2025 that Toyota had become the primary customer for the Lansing plant following GM's ownership exit, committing approximately $1.5 billion in orders.

Ford Motor Company signed supply agreements with LGES in October 2024 covering 109 GWh of batteries for electric commercial vans sold in Europe, with production starting in 2026 from the Poland facility.

Honda and LGES announced the L-H Battery Company joint venture in 2023, targeting a 40 GWh facility in Jeffersonville, Ohio, for Honda's North American EV production.

Hyundai Motor Group, including Hyundai, Kia, and Genesis brands, is a disclosed long-term customer, with supply relationships described in LGES investor presentations.

Volkswagen Group receives pouch-cell supply for European platforms, per LGES investor materials.

Recent news

August 2026 -- LG Energy Solution announced the start of production at its all-new standalone Lansing, Michigan facility, a 226-acre plant targeting 1,700 employees at full scale. The plant supplies cells for both energy storage systems and electric vehicles, per the company's press release. Toyota is the primary automotive customer following General Motors' exit from joint-venture ownership earlier in 2025.

October 2024 -- LGES and Ford announced supply agreements for Ford's electric commercial vans in Europe, with a forecasted volume of 109 GWh over a four-to-six year contract period. Separately, the parties agreed to move Mustang Mach-E battery production to LGES's Michigan facility to align with US IRA tax credit eligibility.

January 2026 -- LGES released full-year 2025 results: KRW 23.7 trillion consolidated revenue, KRW 1.3 trillion operating profit. The company guided for mid-teen to 20% consolidated revenue growth in 2026, with a mid-single-digit operating margin target, citing 46-series cylindrical cell programs and ESS expansion as the primary drivers.

Frequently asked questions

What does LG Energy Solution make?

LG Energy Solution makes lithium-ion battery cells, modules, and packs for electric vehicles, energy storage systems, and commercial applications. Its cell formats include cylindrical cells (21700 and 46-series), laminated pouch cells, and prismatic cells, across NCM, NCMA, and LFP chemistries. The company also provides battery management software and energy services through its B.around platform.

Who owns LG Energy Solution?

LG Energy Solution is a publicly listed company on the Korea Exchange (ticker: 373220). LG Chem is the controlling shareholder. LGES was spun off from LG Chem's battery division in December 2020 and completed its IPO in January 2022, raising approximately KRW 12.75 trillion in one of South Korea's largest public offerings.

What is LG Energy Solution's revenue?

LG Energy Solution generated approximately €8.6 billion in automotive-sector revenue in FY2025, per the Berylls by AlixPartners Top-100 study. Total consolidated revenue across all segments was KRW 23.7 trillion for the same period, per the company's own earnings release. The automotive segment declined 21.8% year-over-year from €11.0 billion in FY2024, reflecting battery price compression and EV demand softness across the sector.

Where is LG Energy Solution headquartered?

LG Energy Solution is headquartered in Seoul, South Korea. Its manufacturing network spans six countries: South Korea (Ochang, Cheongju), Poland (Wroclaw), the United States (Michigan, Ohio, Tennessee), China, Indonesia, and Canada. The US footprint includes joint-venture gigafactories operated with General Motors and, separately, a facility being developed with Honda.

Who are LG Energy Solution's customers?

LGES's documented customers include General Motors (Ultium Cells joint venture), Stellantis (StarPlus Energy joint venture), Toyota, Ford Motor Company, Honda (L-H Battery Company joint venture), Hyundai Motor Group, and Volkswagen Group. These relationships are disclosed in LGES investor materials, joint-venture announcements, and OEM press releases. The company also supplies energy storage programs outside the automotive sector.

Last verified September 2026. Is this your company? Request a correction.