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LG Energy Solution, despite global EV demand slowdown and subsequent market uncertainties, has continued with its investments for future-preparedness and successfully made key achievements in its stable global …

Who is LG Energy Solution?

Capitalizing on its expertise as a comprehensive solution provider, LG Energy Solution will deliver a total ESS solution including system integration (SI) from LG Energy Solution Vertech, Inc., offering differentiated customer value. Along with business achievements, the company also concentrated on heightening its fundamental competitiveness.

What are LG Energy Solution's five-year goals?

LG Energy Solution presented its five-year goals to more than double the revenue compared to 2023 (KRW 33.7 trillion), and achieve mid-teen percent EBITDA margin (excluding the IRA tax credit) by 2028 to secure stable profitability and cash generation capabilities.

Will LG Energy Solution stock go up?

“It is the biggest news in the stock market. I really don’t want to miss out on an opportunity like this,” said Bae Sung-hoon, an office worker who subscribed to LG Energy Solution’s IPO. “The shares will go up, as electric vehicle batteries are one of the country’s most promising industries.”

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.

What will LG Energy Solution do in the long term?

In the long term, LG Energy Solution plans to proactively respond to the rapidly changing market and secure high-margin opportunities by developing next-generation products and strengthening its power trading business.

How will LG Energy Solution diversify its EV products & customers?

Second, LG Energy Solution will diversify its EV products and customers. Beyond premium batteries centered on high-nickel chemistry, the company will improve its competitiveness in affordable markets through its LFP, LMFP, and high-voltage mid-nickel products.