Models display LG Energy Solution's (LGES) batteries at the InterBattery 2026 exhibition in Seoul, March 11. Courtesy of LGES

LG Energy Solution (LGES) said Tuesday it has strengthened its competitiveness to stay resilient amid what CEO Kim Dong-myung called a “value shift,” as demand expands beyond electric vehicles (EVs) to sectors such as energy storage systems (ESS), robotics, aviation and aerospace.

According to the battery maker, the company plans to significantly expand its ESS production capacity and order volume this year, respond more flexibly to EV customers’ needs and broaden its portfolio across robotics, maritime, urban air mobility and space industries.

“Over the past five years, we have achieved rapid growth in the booming battery market, but we now face growing policy uncertainty and a major industrial transition worldwide,” an LGES official said.

As an example of tangible progress, the company cited a supply deal last month with Hanwha Q Cells USA for 5 gigawatt-hours of ESS batteries.

The battery firm also said its recent acquisition of Stellantis’ stake in their former Canadian joint venture, NextStar Energy, aims to strengthen its foothold in the North American market and accelerate its push to become a leading ESS battery supplier.

On March 17, LGES announced plans to produce lithium iron phosphate batteries for ESS at the Ultium Cells plant in Tennessee, which it jointly operates with General Motors. As a result, the company now runs or co-runs five ESS production bases across North America.

At the InterBattery 2026 exhibition in Seoul earlier this month, LGES showcased artificial intelligence-powered ESS solutions, robotics and drone batteries, as well as next-generation technologies such as solid-state, lithium-metal and sodium batteries.

“Although challenges remain in the EV market, demand for ESS and emerging industries like robotics is increasing rapidly,” Kim said.

“LG Energy Solution will continue to diversify and strengthen its portfolio to lead this era of value shift.” (Advertorial)

Source: Korea Times News