LG Energy Solutions: Strive for the top spot in the global battery industry

Recently, LG Energy Solutions (LGES) has been in constant motion

Signing a large order for lithium mines in Australia

The off-take agreement signed by LGES with the Australian lithium miner is for a period of five years and is expected to start in 2024, with an option to extend for a further five years upon expiry

After the agreement was signed, LGES executives held an online press conference, where Kwon Young-soo, vice chairman of LG Group and CEO of LGES, emphasized: "We have a wider range of customers, not only in China, but also in the United States and Europe.

Public offering moves fast

At present, the LGES public offering is advancing non-stop

The latest offering terms also show that in this offering, the company will sell 34 million new shares, and its parent company LG Chem will also sell 8.

According to the LGES investment letter of intent, the funds raised this time will be mainly used to expand the company's existing production facilities and repay debt

Recently, the expansion of LGES has indeed continued

　　Research and development of new battery technology

　　In addition to raising shares and securing lithium ore resources, LGES is also reforming its production process to increase battery output and maintain a competitive edge

　　On January 10, Kwon Young-soo mentioned in a press conference that the company is developing a new battery stacking technology

　　In addition, the head of the LGES technology department also said that LGES is accelerating the research on new-generation batteries such as NCMA (nickel, cobalt, manganese, aluminum) batteries, all-solid-state batteries, and lithium-sulfur batteries