LG Energy Solution to use patents to secure its future
![LG Energy Solution unveil its various type of Long Cell battery and GMC Hummer EV that uses pouch-type batteries is shown up. [LG ENERGY SOLUTION]](https://koreajoongangdaily.joins.com/data/photo/2023/03/14/e80d9755-bea2-48a2-8edb-d6c1333ccd56.jpg)
LG Energy Solution unveil its various type of Long Cell battery and GMC Hummer EV that uses pouch-type batteries is shown up. [LG ENERGY SOLUTION]
LG Energy Solution is at the starting point of the next 100 years as one of the best companies that customers trust and love.
LG Energy Solution was the first Korean company to start research on secondary batteries in 1992. Notwithstanding the lack of infrastructure technologies or facilities related to secondary batteries at the time, LG Energy Solution has steadily built up its innovation capabilities with the perseverance of late LG Group Chairman Koo Bon-moo, who emphasized that battery industries will become the major growth engines of the following generation. With its efforts, LG Energy Solution has achieved a perfect balance with four strengths — technology, products, customers and production capacity. It is continuing its company-wide effort to become the No.1 profitability company that customers trust and love.
LG Energy Solution is operating R&D centers in Korea, China, the U.S. and Europe. The company has more than 26,000 patents in materials, processes and core technologies and has invested 5.3 trillion won ($4 billion) in R&D development over the past 10 years.
“LG Energy Solution has various intellectual property rights including battery packs and battery management systems, as well as cells,” an official from the battery industry said. “Developing new batteries beyond their patents is virtually impossible,” he added.
LG Energy Solution holds the title of being the first when it comes to many technologies and products and with various platforms, it can meet the price range and performance required by customers.
LG Energy Solution is exerting all-out efforts to secure innovative technologies based on its 26,000 patents in the world. The company has recently been conducting R&D including developing next-generation batteries and implementing smart factories. The number of R&D personnel is actually expanding for this purpose, accounting for the largest proportion according to the industry. Many of them are known to be related to next-generation batteries, AI, smart factories and big data.
With the aim to promote cooperation with global startup companies, domestic and foreign universities and research institutes, LG Energy Solution is actively progressing through open innovation.
LG Energy Solution is also stepping up efforts to secure production capacity in North America. It announced a plan to build a joint EV third battery plant with General Motors (GM), the No.1 U.S. automaker. The factory will have a production capacity of 50 gigawatt hours with total investment of 3 trillion won.
In addition to the GM joint plant, LG Energy Solution runs independent and joint EV battery production plants in five countries — Korea, North America, China, Poland and Indonesia. As global production systems and mass production experience would foster future market share expansion, the competitiveness of LG Energy Solution can be seen with the largest number of global production systems among global secondary battery companies.
“It is a big advantage to supply products in a timely manner and establish a local response system close to customers,” LG Energy Solution said. “The experience of holding a stable production system in various countries allows to have a competitive edge in an exploding global EV battery market of the near future,” he added.
BY PARK YE-EUN [park.yeeun@joongang.co.kr]
with the Korea JoongAng Daily
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