LG Energy Solutions - OEM Profile

LG Energy Solution is a foundational OEM within the global electrification ecosystem. LGES does not manufacture vehicles, but it is one of the world’s most consequential battery cell suppliers for passenger EVs, commercial electrification, and stationary storage. Its manufacturing scale, chemistry portfolio, and localization strategy strongly influence EV cost, availability, and the pace of fleet and grid storage deployments.

Parent: LG Energy Solution, Ltd.

Country: South Korea (HQ: Seoul)

Symbol: 373220.KS (KRX)

Subsidiaries / Key Units:

• Ultium Cells LLC (JV with General Motors)
• Regional JV programs with major automakers (market-dependent)
• Energy Storage Systems (ESS) business unit

Vertical Integration: High — cell manufacturing, pack programs (varies by customer), quality systems, and ESS productization; upstream materials are primarily partner-supplied with strategic sourcing and long-term contracts.

Sectors and Assets

Sectors are the organizing layer; key assets are nested under each sector for fast scanning and print-friendly layouts.

Supply Chain & Materials (Battery Core)

• Large-scale lithium-ion cell manufacturing (multiple form factors)
• Chemistry portfolio spanning nickel-rich and LFP pathways (program-dependent)
• Formation, testing, safety validation, and quality systems at scale

Vehicles & Mobility (Enabler Role)

• Cell supply into mass-market passenger EVs (global OEM customers)
• Cell supply into commercial vehicles (program-dependent)
• Pack programs vary by OEM (cells-only to modules/packs, region-dependent)

Energy & Storage

• Cell supply into stationary storage systems (ESS ecosystem)
• ESS product families (region-dependent)
• Long-duration and high-cycle applications (program-dependent)

AI, Compute & Software (Operational Enablement)

• BMS enablement through OEM partners (pack-dependent)
• Cell analytics, lifecycle modeling, and quality telemetry (manufacturing)
• ESS monitoring and control integrations (product-dependent)

Manufacturing Systems

• Global localization strategy (North America, Asia, Europe)
• JV-driven capacity buildout aligned to OEM demand
• High-throughput automation, metrology, and safety processes

Platforms / Patents (Selected)

Only the most differentiating technology and productization themes for MVP.

• Nickel-rich cathode families for high energy density (program-dependent)
• LFP pathways for cost-optimized programs (program-dependent)
• Safety validation and quality systems scaled for automotive OEM requirements
• Cell form-factor diversity to match OEM architectures (pouch/cylindrical/prismatic program mix)

Manufacturing Facilities (Abridged)

Major cell manufacturing and JV assets relevant to the electrification stack. (Not an exhaustive plant list.)

North America

• Ultium Cells Ohio (USA) — cell manufacturing (JV)
• Ultium Cells Tennessee (USA) — cell manufacturing (JV)
• Additional North American plants and JVs (program-dependent)

South Korea

• Core R&D and manufacturing footprint supporting global programs

International

• Europe — localized manufacturing footprint (market-dependent)
• Asia — major cell manufacturing capacity (market-dependent)

Tier 1 Suppliers / Strategic Partners

Partners and counterparties that materially affect LGES capacity, materials pipeline, and OEM demand.

Automaker Partners (Representative)

• General Motors (Ultium Cells JV)
• Hyundai Motor Group (program-dependent)
• Multiple global OEMs (program-dependent)

Materials Supply

• Long-term lithium, nickel, and cathode/anode supply contracts (multi-region)
• Separator and electrolyte supplier ecosystem (program-dependent)

Energy Storage Ecosystem

• ESS integrators and EPCs (engineering, procurement, construction)
• Utilities and IPPs (independent power producers)

---