What is LG Energy Solution's target for energy storage system (ESS) revenue contribution by year-end, and why is it pursuing this shift?

LG Energy Solution Ltd. aims to increase its energy storage system (ESS) business revenue contribution to 30% by year-end, as a strategic response to the global electric vehicle (EV) slowdown. To achieve this, the company is converting multiple EV battery production lines to expand ESS cell output from 36 GWh to at least 60 GWh, and targeting at least 90 GWh in new ESS orders this year. It also plans to secure 50 GWh of ESS production capacity in the US this year, aligning with its projection of 20% average annual growth in ESS demand through at least 2030.

What are LG Energy Solution's key near-term battery technology milestones, and where are they being implemented?

LG Energy Solution is mass-producing its new 46-series cylindrical battery cells at its Ochang plant following a major supply deal with a European automaker for its high-end model. Concurrently, the company is accelerating development of next-generation technologies: it aims to commercialize prismatic sodium-ion batteries by late 2027, and is also advancing solid-state battery R&D. These efforts are part of its broader strategy to diversify beyond EV traction batteries amid market volatility, while leveraging strengths in LFP and mid-nickel chemistries—both of which are driving solid demand in Europe, especially for hybrid vehicles.

LG Energy Eyes 30% Energy Storage Sales Mix To Counter EV Slump

Apr 29, 2026

LG Energy Solution aims to raise energy storage revenue to 30% amidst an EV slowdown, securing 50 GWh US capacity while managing raw material costs and accelerating development of sodium-ion and solid-state batteries.

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