About LG Energy Solution
LG Energy Solution is a company based in Seoul (South Korea) founded in 2020. It operates as a Direct-to-Consumer (D2C), and B2B2C. The company has 12,630 employees as of December 31, 2024. LG Energy Solution has completed 1 acquisition, including NEC Energy Solutions. LG Energy Solution offers products and services including Advanced Automotive Battery, Mobility & IT Battery, and ESS Battery. LG Energy Solution operates in a competitive market with competitors including Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
- Headquarter Seoul, South Korea
- Employees 12630 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Lg Energy Solution Ltd.
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Annual Revenue
$17.37 B (USD)-24.08as on Dec 31, 2024
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Net Profit
$-691.63 M (USD)-182.34as on Dec 31, 2024
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EBITDA
$1.45 B (USD)-51.89as on Dec 31, 2024
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Latest Funding Round
$2.8 M (USD), Grant
May 27, 2024
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Investors
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Employee Count
12630
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of LG Energy Solution
LG Energy Solution is a publicly listed company on the KRX with ticker symbol 373220 in South Korea, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of LG Energy Solution
LG Energy Solution offers a comprehensive portfolio of products and services, including Advanced Automotive Battery, Mobility & IT Battery, and ESS Battery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Batteries are developed for electric vehicle applications.
Innovative batteries are designed for various device applications.
Energy storage solutions are provided for smart grids.
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Software Development Team
25 people
Product Management Team
14 people
Sales and Marketing
12 people
Human Resources and Administration
9 people
Senior Team
6 people
Data Analysis and Operations Team
6 people
Leadership Team
6 people
Team Team
6 people
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Funding Insights of LG Energy Solution
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $2.8M
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First Round
First Round
(27 May 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Grant - LG Energy Solution | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by LG Energy Solution
LG Energy Solution has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NEC Energy Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform that specializes in designing and manufacturing energy storage systems
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LG Energy Solution
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lg Energy Solution Comparisons
Competitors of LG Energy Solution
LG Energy Solution operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lg Energy Solution
Frequently Asked Questions about LG Energy Solution
When was LG Energy Solution founded?
LG Energy Solution was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is LG Energy Solution located?
LG Energy Solution is headquartered in Seoul, South Korea.
How many employees does LG Energy Solution have?
As of Dec 31, 2024, the latest employee count at LG Energy Solution is 12,630.
What is the annual revenue of LG Energy Solution?
Annual revenue of LG Energy Solution is $17.37B as on Dec 31, 2024.
What does LG Energy Solution do?
LG Energy Solution is involved in the production of advanced batteries for automotive, mobility, IT, and energy storage systems. The company operates in the renewable energy sector, focusing on sustainable solutions and environmental protection. A global network is maintained across key regions like South Korea, China, and the United States. Efforts are made to build a sustainable battery ecosystem, manage ESG risks, and promote a circular economy. Transparent supply chain management is prioritized to ensure responsible mineral procurement. Additionally, a reprocessing system for waste batteries is being developed to uphold sustainable values.
Who are the top competitors of LG Energy Solution?
LG Energy Solution's top competitors include Microvast, Solid Power and Exponent Energy.
What products or services does LG Energy Solution offer?
LG Energy Solution offers Advanced Automotive Battery, Mobility & IT Battery, and ESS Battery.
Is LG Energy Solution publicly traded?
Yes, LG Energy Solution is publicly traded on KRX under the ticker symbol 373220.
How many acquisitions has LG Energy Solution made?
LG Energy Solution has made 1 acquisition, including NEC Energy Solutions.
What is LG Energy Solution's ticker symbol?
The ticker symbol of LG Energy Solution is 373220 on KRX.
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