The story
LG Chem Energy Solution Business Division (1992–2020)
LG Chem started a battery business after LG Group chairman Koo Bon-moo visited the United Kingdom Atomic Energy Authority office in 1992. After the visit, Koo brought rechargeable battery samples and began research into the emerging technology. 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.
LG Energy Solution (2020–present)
In September 2020, LG Chem announced that it would spin off its battery business to cope with growing demand from global automotive manufacturers. LG Chem's battery business officially became a separate company and changed its name to LG Energy Solution Ltd. in December 2020. It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the Korea Exchange in January 2022.
It was South Korea's biggest IPO at that point. In the first half of 2025, LGES won three injunctions against Sunwoda for patent infringement. On 4 September 2025, United States Immigration and Customs Enforcement detained LG employees and contractors during a raid of Hyundai Motor Group Metaplant America.
From Wikipedia’s article on LG Energy Solution, shared under CC BY-SA 4.0.4