- Company to expand into 'circular energy business,' going beyond battery manufacturing
- LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities
- The company aims to lead market as a comprehensive energy solution provider, leveraging its accumulated technological prowess and capabilities
- Four key mid-to-long-term strategies announced, aiming to more than double the revenue by 2028
- Building a balanced business portfolio by expanding Non-EV businesses
- Diversifying product and customer portfolios
- Establishing a foundation for software and service businesses
- Strengthening leadership in next-generation battery technology
SEOUL, South Korea, Oct. 7, 2024 /PRNewswire/ -- 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. This marks the first time LG Energy Solution has introduced a corporate vision since its establishment at the end of 2020.
The new vision underscores that the essence of LG Energy Solution's business lies not merely in battery production, but in facilitating the energy circulation across the entire cycle from storage to movement of energy. The company intends to become the center of this energy ecosystem, unlocking limitless business opportunities.