![Jang Seob Yoon](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2596_1599056597.jpg)
R&D expenses of LG Energy Solution 2020-2023
In 2023, LG Energy Solution spent more than one trillion South Korean won on its research and development (R&D) activities. This was a significant increase from the previous year. The main products of the company are small batteries for smartphones and laptops, automotive batteries supplied to major carmakers, and Energy Storage Systems (ESS).