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LG Energy Solution is a major producer of lithium-ion batteries for electric vehicles and other applications. It started as the battery business inside LG Chem and became a separate company in 2020 to focus more on batteries. Its main product is battery cells and modules that store chemical energy and power cars, laptops, and grids; these batteries work by moving lithium ions between a positive and negative electrode to release electricity during use and store it when charging. The company differentiates itself through scale, global manufacturing footprint, and long-running partnerships with automakers and tech companies, enabling large-volume production and supply consistency. Its goal is to support the transition to electrification and energy storage by providing reliable, high-quality batteries at a global scale.
Industries
Automotive & Transportation
Hardware
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seoul, South Korea
Founded
2020
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Total Funding
$14.2B
Above
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Funded Over
4 Rounds
LG Energy Solution to supply 46,100 round cells to Mercedes. According to a media report, LG Energy Solution will supply round cells with a diameter of 46 millimeters and a height of 100 millimeters - a novel format - for Mercedes-Benz's next-gen EVs. Deliveries are set to begin in 2028. By Cora Werwitzke 03.10.2026 - 11:00 This is according to a report by the usually well-informed South Korean portal The Elec, which specifies that the 46100 round cells are a new cylindrical battery cell format in the 46-series that LG Energy Solution has not yet unveiled. According to the portal, the company is expected to begin setting up production lines next year and start delivering the batteries from 2028. The Elec cites industry insiders for this news and notes that there are plans to establish a first production line for 46100 battery cells at LG Energy Solution's Polish plant in Wrocław - with Mercedes-Benz as the customer. Additionally, LGES is reportedly considering investments in module assembly, where the cells will be combined into modules. However, this information has not been officially confirmed. For context: the 46-series battery cells, particularly the 4680 round cells (with a height of 80 mm), are primarily used by several automakers - most notably Tesla. Formats such as 4695 and 46120 (with heights of 95 mm and 120 mm, respectively) are also available but less common. However, LGES is one of the suppliers with a broad portfolio of 46-series cells. At the end of last year, the South Korean company began producing 4695 cells at its Ochang plant, and by the end of this year, earlier reports indicated that production of "diverse 46-Series cylindrical cells, ranging from 4680 to 46120 cells" would start at the US plant in Arizona. However, it was previously unknown that LGES was also preparing a version with a height of 100 millimetres. The Elec also reports that LG Energy Solution is preparing a facility for the new 46100 cell type in Ochang to adapt it to the specifications of the planned mass-production line in Poland. It comes as little surprise that Mercedes-Benz is set to become the main customer. Since October 2024, the two companies have already signed four long-term supply agreements. However, the partnership is not exclusive: in April, the Stuttgart-based automaker also signed its first long-term supply contract for electric vehicle batteries with Samsung SDI. Additionally, CATL is part of the supplier network. Previously, the company had also sourced battery cells from SK On and Farasis. thelec.net 0 comments. about "LG Energy Solution to supply 46,100 round cells to Mercedes"
LG Energy Solution reportedly plans new 46100 battery cell for Mercedes-Benz evs. October 1, 2026 LG Energy Solution is reportedly developing a cylindrical battery cell called the 46100 for use in Mercedes-Benz's next-generation electric vehicles. According to Korean industry reports, the cell has a diameter of 46 millimeters and a height of 100 millimeters. This would place it between LG's 4695 and 46120 models. Neither LG Energy Solution nor Mercedes-Benz has officially confirmed the battery format. That Mercedes will be the customer. The new cells are expected to be produced at LG's plant in Wrocław, Poland. Supply is said to begin in 2028. The European Union's project page for the sites 46-series production line also indicates a start in the quarter of 2028 with an annual capacity of around 11.5 gigawatt-hours. LG is also considering doing module assembly in-house for the time being in its cylindrical battery business. Previously, LG relied on partners for this step. However, the company says it has not yet made an investment decision. Mercedes-Benz has already signed supply agreements with LG Energy Solution since October 2024. These include a 32 GWh deal for Europe and a 75 GWh deal for the U.S., both set for September 2025. LG has noted that final volumes and pricing could still be subject to negotiation. Compared to 21700 cells, the 46-series batteries offer much higher energy per cell. Mercedes-Benz is also diversifying its battery suppliers. In addition to LG, the company is getting cells from Samsung SDI and purchasing from SK On, CATL, and Farasis Energy. You may like. Samsung reportedly ramps Exynos 2700 production for the Galaxy S27 with the Ultra undecided. 14 hours ago October 3, 2026 Samsung has started front-end wafer production of the Exynos 2700, according to Korean industry outlet The Elec, citing sources familiar with the company's foundry plans. Output is said to be more than 10% higher than last year's Exynos 2600 run. Samsung has not confirmed the report. The larger order is tied to a rumored Galaxy S27 model, the S27 Pro. Sources told The Elec that Samsung's mobile division has now set chip volumes for the base Plus and Pro models and moved past small-batch sampling. Finished chips typically take three to four months after wafers enter the fab, which would line up with a 2027 launch. Regional splits are expected to follow the Galaxy S26 pattern. The base, Plus and Pro models sold in South Korea and Europe are reportedly set to use the Exynos 2700. Buyers in the U.S., China, and several other markets are expected to get Qualcomm's Snapdragon 8 Elite Gen 6 series. Qualcomm already announced that chip family in September, including an Extreme version. The Galaxy S27 Ultra remains open. The S26 Ultra shipped entirely with Snapdragon, and Samsung's phone division has not committed the Ultra to Exynos. System LSI wants the in-house chip in the model. Mobile is still weighing performance, thermals, Qualcomm pricing, and capacity on Samsung Foundry's generation 2nm SF2P process. SF2P is claimed to deliver 12% performance, 25% lower power and 8% less area than the first 2nm node used for the Exynos 2600. A separate claim says Geekbench 6 testing put the Exynos 2700 about 9.5% ahead of the Snapdragon 8 Elite Extreme Gen 6 in multi-core, which would put it above 14,000 if Qualcomm's cited 12,856 score holds. Single-core is still said to trail. Those scores have not been published independently.
LG Energy Solution partners with indiGOtech to explore 46-series cylindrical battery supply for U.S. Commercial electric vans. Sep 30, 2026, 19:30 ET SEOUL, South Korea, Sept. 30, 2026 /PRNewswire/ - LG Energy Solution today announced that it has signed a non-binding memorandum of understanding (MoU) with U.S.-based commercial electric vehicle (EV) startup indiGOtech to explore battery supply and technological collaboration. indiGOtech is headquartered in Woburn, Massachusetts, and specializes in electrifying commercial van platforms for the North American market. The company is developing an ecosystem that integrates vehicles, charging infrastructure, and digital services. Under the MoU, the partners will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech's upcoming Flow Ride and Flow Cargo EVs. The partners will support joint business development through vehicle-battery integration and performance verification efforts. To maximize vehicle performance, both companies intend to review opportunities to extend driving range and reduce charging times. "Urban ride hail and delivery must electrify and automate at scale, but today's electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure - that's why vast majority of rides and deliveries are still driven by gas vehicles." said Will Graylin, Chairman and CEO of indiGOtech. "Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators." "Based on LG Energy Solution's 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S.," said Sunghwan Oh, Mobility & IT Battery Marketing Group Leader of LG Energy Solution. "Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing." LG Energy Solution is also strengthening its competitiveness by securing additional customers for its 46-series cylindrical batteries. The company reported that cylindrical battery shipments increased by 1.5 times year on year as of Q2, supported by stable mass production and expanded deliveries of its 46-series batteries. About LG Energy Solution LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com. About indiGOtech indiGOtech is building the intelligent mobility platform for the next era of sustainable local transport and commerce. Headquartered in Woburn, Massachusetts, the company develops an integrated ecosystem that combines smart electric vehicles, charging infrastructure, and mobility services - engineered to reduce cost per mile and maximize fleet performance. Through its connected platform, indiGOtech aims to accelerate the electrification of commercial fleets across logistics, last-mile delivery, and ride-hailing segments in North America. SOURCE LG Energy Solution
GM and LG bet on lower-cost LMR batteries with major Tennessee EV plant upgrade. Discover more Volkswagen Vehicles Automotive Manufacturing Battery chemistry rarely grabs headlines like horsepower or driving range, but General Motors believes its latest battery bet could help make future electric trucks and SUVs both more affordable and more capable. GM and longtime battery partner LG Energy Solution are preparing to upgrade their Ultium Cells manufacturing facility in Spring Hill, Tennessee, to produce lithium manganese-rich, or LMR, prismatic battery cells. Work on the conversion is expected to begin later this year, with construction scheduled for completion in 2028. The project is also expected to create around 500 new jobs, further expanding GM's domestic battery manufacturing footprint at a time when controlling battery costs remains one of the biggest challenges facing EV makers. LMR chemistry could prove especially important because it aims to find a middle ground between inexpensive battery cells and the high energy density needed for large, long-range EVs. GM says its LMR cells can deliver about 33 percent greater energy density than leading lithium iron phosphate, or LFP, cells at a comparable cost. That's a potentially big deal for electric trucks and full-size SUVs, where massive battery packs can add considerable weight and expense. LMR chemistry relies more heavily on relatively affordable manganese while dramatically reducing the need for expensive cobalt, and GM's rectangular prismatic cell design should also simplify battery packs by reducing the number of components needed compared with more complex pouch-cell arrangements. Discover more Engine & Transmission Electric & Plug-In Vehicles Volkswagen ID SUV Automotive Industry Driving Vehicle The Tennessee move is particularly interesting because Spring Hill had previously been positioned for lower-cost LFP battery production. GM has increasingly signaled that LMR could play a larger role in its long-term battery plans, particularly if the chemistry can deliver better range without sending vehicle prices climbing. GM and LG Energy Solution have been developing LMR technology for years, with GM researching manganese-rich lithium-ion cells since 2015. The automaker has said it intends to become the first automaker to deploy LMR prismatic batteries at commercial scale, with the technology eventually destined for future electric trucks and full-size SUVs. GM has previously suggested that combining LMR chemistry with the packaging advantages of prismatic cells could support electric trucks capable of more than 400 miles of range while lowering battery pack costs compared with today's high-nickel designs. For EV buyers, developments like this matter far more than the alphabet soup of battery chemistry might suggest. Battery cost, energy density, weight and packaging all have a direct effect on how far an EV can travel and, ultimately, how much it costs in the showroom. GM's approach is increasingly centered on matching different battery chemistries to different vehicles rather than relying on one solution across its entire lineup. If LMR cells can deliver the combination of lower cost and strong energy density GM expects, the Tennessee plant could become an important piece of the company's next generation of electric vehicles. The real test will arrive when those batteries move from development labs and factory lines into production EVs, but the promise of longer-range electric trucks at more approachable prices certainly makes this technology worth watching. Discover more Vehicle Codes & Driving Laws Subaru Volkswagen ID.4 Lloyd Tobias is a seasoned automotive journalist and passionate enthusiast with over 15 years of experience immersed in the world of cars. Whether it's exploring the latest advancements in automotive technology or keeping a close pulse on breaking industry news, Lloyd brings a sharp perspective and a deep appreciation for all things automotive. His writing blends technical insight with real-world enthusiasm, making his contributions both informative and engaging for readers who share his love for the drive. When he's not behind the keyboard or under the hood, Lloyd enjoys test driving the newest models and staying ahead of the curve in an ever-evolving automotive landscape. SHARE THIS ARTICLE: FacebookLinkedInXPinterestFlipboardEmailWhatsAppRedditThreadsShare
Hyundai and LGES launch battery storage pilot using repurposed EV batteries. Hyundai and Kia are collaborating with LG Energy Solution on a large-scale demonstration project for charging stations with battery storage systems as an external buffer, using second-life batteries from EVs on the E-GMP platform. By Florian Treiss 24.09.2026 - 17:30 The goal of the pilot project in South Korea is to determine whether batteries decommissioned from EVs can find a profitable second life as energy storage systems for charging electric vehicles - i.e. second-life applications. The project utilises battery packs from EVs based on Hyundai Motor Group's E-GMP platform. According to the companies, this marks the first such demonstration in South Korea to employ decommissioned E-GMP battery packs. The system, installed at Wonik PNE's plant in Dongtan, Hwaseong, south of Seoul, has a storage capacity of 200 kWh. The UBESS (Ultra-Burned Energy Storage System) is connected to DC fast chargers for EVs. The installation primarily stores energy in the UBESS during off-peak hours, when electricity prices are low, and then uses the fast chargers to charge electric vehicles during peak demand periods. Hyundai and Kia aim to develop a business model. As part of the UBESS project, sister brands Hyundai and Kia are working to develop a business model for establishing a system that enables the safe and efficient use of repurposed batteries. LG Energy Solution manufactures UBESS systems using used battery packs from Hyundai Motor and Kia, and supports the verification of system performance and safety through its battery diagnostics and operational technology. Drawing on its experience in operating EV charging infrastructure, Hyundai Engineering is evaluating business development in real-world commercial environments and the integration with the business of building EV charging infrastructure. Meanwhile, Wonik PNE, a manufacturer of charging stations, is responsible for stable system operation and technical verification based on its expertise in charger manufacturing and infrastructure construction. Leveraging their respective expertise, the participating companies plan to comprehensively evaluate charging/discharging control algorithms, system safety and reliability, battery performance retention characteristics, charging quality, and operational efficiency. They will also test the feasibility of reusing repurposed batteries and the implementation of a circular battery economy in real-world commercial environments, according to Hyundai. The use of repurposed EV batteries in stationary energy storage systems is not new. For example, Porsche established a stationary energy storage system two years ago to power its Leipzig plant, utilising used batteries from the Taycan. Additionally, there are already DC fast chargers with integrated battery storage, such as those from ADS-Tec or ELMI Power. However, what sets Hyundai and its partners' project apart is the combination of repurposed batteries in a stationary storage system connected to a DC fast charger. 0 comments. about "Hyundai and LGES launch battery storage pilot using repurposed EV batteries"
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Industries
Automotive & Transportation
Hardware
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seoul, South Korea
Founded
2020
Find jobs on Simplify and start your career today