The sales revenue of LG Energy Solution has dramatically increased in recent years and stood at around 33.7 trillion South Korean won in 2023, a considerable increase from about 25.6 trillion won in the previous year. Over the years, the sales revenue of the battery company has steadily grown. Its main products include small batteries for smartphones and laptops, electric vehicle (EV) batteries, and Energy Storage Systems (ESS).
Other significant domestic battery makers are also companies from South Korean conglomerates. Much like how LG Energy Solutions split off from LG Chem, SK On has also recently separated from SK Innovation. Completing the trio is Samsung SDI, which was first established in 1970. As lithium-ion (Li-ion) batteries grow in demand and importance, South Korean battery producers are expected to continue vying for pole position among global competitors.
Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023
(in trillion South Korean won)
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DART. (March 14, 2024). Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/
DART. "Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023 (in trillion South Korean won)." Chart. March 14, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/
DART. (2024). Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/
DART. "Sales Revenue of Battery Company Lg Energy Solution Worldwide from 2014 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/
DART, Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/ (last visited October 09, 2024)
Sales revenue of battery company LG Energy Solution worldwide from 2014 to 2023 (in trillion South Korean won) [Graph], DART, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/1097910/lg-chem-battery-sales-revenue-worldwide/