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===LG Energy Solution (2020–present)=== |
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===LG Energy Solution (2020–present)=== |
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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.<ref>{{cite news |last=Kim |first=Eun-jung |date= December 1, 2020 |title=LG Energy Solution sets sail to target growing EV market, but challenges lie ahead |url=https://en.yna.co.kr/view/AEN20201201002900320?section=news |work=] |location=Seoul |access-date=}}</ref> It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the ] in January 2022.<ref>{{cite news |last=Kim |first=Eun-jung |date=January 29, 2021 |title=LG Energy Solution accelerates IPO push as it picks lead managers |url=https://en.yna.co.kr/view/AEN20210129003300320 |work=] |location=Seoul |access-date=}}</ref><ref>{{cite news |author=<!--not stated--> |date=January 27, 2022 |title=LG Energy Solution: Battery giant jumps in market debut |url=https://www.bbc.com/news/business-60137296 |work=] |location= |access-date=}}</ref> |
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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.<ref>{{cite news |last=Kim |first=Eun-jung |date= December 1, 2020 |title=LG Energy Solution sets sail to target growing EV market, but challenges lie ahead |url=https://en.yna.co.kr/view/AEN20201201002900320?section=news |work=] |location=Seoul |access-date=}}</ref> It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the ] in January 2022.<ref>{{cite news |last=Kim |first=Eun-jung |date=January 29, 2021 |title=LG Energy Solution accelerates IPO push as it picks lead managers |url=https://en.yna.co.kr/view/AEN20210129003300320 |work=] |location=Seoul |access-date=}}</ref><ref>{{cite news |author=<!--not stated--> |date=January 27, 2022 |title=LG Energy Solution: Battery giant jumps in market debut |url=https://www.bbc.com/news/business-60137296 |work=] |location= |access-date=}}</ref> |
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In the first half of 2022, LG Energy Solution is ranked second in the world with a market share of 14 per cent according to SNE research.<ref>{{cite web |title=2022 1H Global EV & Battery Performance Review |url=https://www.sneresearch.com/en/insight/release_view/34/page/0 |website=SNE research |access-date=1 October 2022}}</ref> LG Energy Solution, 2024, 10월 15일 Tuesday it has signed deals to supply batteries for Ford Motor Co.'s commercial vehicles<ref>{{cite web |url=https://en.yna.co.kr/view/AEN20241015008100320?section=economy-finance/economy/|title=LG Energy wins deals to supply EV batteries for Ford |date=2024|website=Yonhap News }}</ref> |
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In the first half of 2022, LG Energy Solution is ranked second in the world with a market share of 14 per cent according to SNE research.<ref>{{cite web |title=2022 1H Global EV & Battery Performance Review |url=https://www.sneresearch.com/en/insight/release_view/34/page/0 |website=SNE research |access-date=1 October 2022}}</ref> LG Energy Solution, 15 Oct. 2024 it has signed deals to supply batteries for Ford Motor Co.'s commercial vehicles<ref>{{cite web |url=https://en.yna.co.kr/view/AEN20241015008100320?section=economy-finance/economy/|title=LG Energy wins deals to supply EV batteries for Ford |date=2024|website=Yonhap News }}</ref> |
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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.
In the first half of 2022, LG Energy Solution is ranked second in the world with a market share of 14 per cent according to SNE research. LG Energy Solution, 15 Oct. 2024 it has signed deals to supply batteries for Ford Motor Co.'s commercial vehicles
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Automotive industry in South Korea