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LG Energy Solution (LGES) is one of the world's largest lithium-ion battery manufacturers, headquartered in Seoul, South Korea.
Group exposure score is 77 including 1 tracked subsidiary — standalone is 81.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 supplier, 2 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
GM and LGES co-invest in Ultium Cells LLC (Ohio, Tennessee, Michigan, plus a $2.6bn 3rd Lansing plant); cells produced go into GM's EVs (Silverado EV, Sierra EV, Cadillac LYRIQ, Blazer EV, Equinox EV, HUMMER EV). Related-party via JV equity, not just an arm's-length purchase contract. No share-of-sales percentage disclosed. Re-checked 2026-09-26 (wake-minerals-buyers, step 0.5) — DRIFTED, scope narrowed: the "3rd Lansing plant" clause no longer describes the JV. GM announced 2024-12-02/05 a NON-BINDING agreement to sell its stake in the Lansing plant to LGES (expected close 2025-Q1; Utility Dive 2024-12-05, GM release news.gm.com/.../2024/dec/1202-lansing.html); the 2026-03-18 energy-storage.news report describes Lansing as an LGES facility supplying Tesla (see row below). GM's stake in Ultium Cells LLC itself, and the Warren OH / Spring Hill TN plants, were stated unchanged. Spring Hill is being retooled (USD 70m) from EV cells to LFP cells for stationary storage, production from 2026-Q2 (Electrek 2026-03-18), and Warren now carries the NCMA GEN1 EV cells — so the GM-EV-cells description holds for Warren only. A closing announcement for the Lansing sale was not retrieved (the 2024 sources are all pre-closing) — treat the sale as announced, close unconfirmed by us. LGES press-release page 881 (the cited source) returned HTTP 403 to this VPS on 2026-09-26; the 2022 3rd-plant claim is corroborated by GM's investor-relations release.
USD 4.3bn supply of LFP prismatic cells made at LGES's Lansing, Michigan plant for Tesla Megapack 3 (assembled in Houston, TX), per pv magazine USA 2026-03-17 and energy-storage.news 2026-03-18 (both secondary). LGES first disclosed the contract in August 2025 regulatory filings with an unnamed overseas client; the US Department of the Interior then identified Tesla as the customer (reported 2026-03-17 in connection with the Indo-Pacific Energy Security Summit) — we did not retrieve the DOI statement itself, hence secondary, not primary-source. Production launch stated as 2027. No share-of-revenue disclosed. Stationary-storage (ESS) supply, not EV cells. Tesla has its own dossier (tesla-inc).
SQM and LGES signed a new long-term purchase contract (announced 2023-07-05) for LGES to buy over 100,000 t of battery-grade lithium carbonate/hydroxide during 2023-2029 (nearly tripling a prior 2020 deal for 36,000 t), explicitly 'to maximize benefits' under the US Inflation Reduction Act. Source describes SQM as operating mines in both Chile AND Australia without tying this volume to one site, and does not name a delivery country -- flow omitted; the IRA framing points toward LGES's North American cell plants (Arizona, Michigan), not its Seoul HQ.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
10 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 982 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
SQM and LGES signed a new long-term purchase contract (announced 2023-07-05) for LGES to buy over 100,000 t of battery-grade lithium carbonate/hydroxide during 2023-2029 (nearly tripling a prior 2020 deal for 36,000 t), explicitly 'to maximize benefits' under the US Inflation Reduction Act. SQM's own FY2023 Q2 6-K (SEC EDGAR, tmb-20230817x6k.htm) confirms the agreement was signed in Q2 2023 but does not disclose volume/duration; those terms come from contemporaneous trade press. Source describes SQM as operating mines in both Chile AND Australia without tying this volume to one site, and does not name a delivery country -- flow omitted; the IRA framing points toward LGES's North American cell plants (Arizona, Michigan), not its Seoul HQ.
LG Energy Solution supplies cylindrical batteries for Isuzu's Elf EV medium-duty electric truck under a multi-year deal reported at roughly 1 trillion won (~$748 million) running through end of 2026; deliveries began June 2023. No share_pct of Isuzu's total battery spend or purchasing disclosed.
Honda and LG Energy Solution broke ground 2023-02-28 on a ~USD4.4bn joint-venture battery plant in Fayette County, Ohio (~40 GWh/yr pouch-type lithium-ion cells), stated in the release to supply Honda's North American BEV production. Ownership split of the JV and per-vehicle share not given in this release.
EV-battery recycling JV at Bruyeres-sur-Oise: LG Energy Solution supplies battery scrap from its Poland facility to the JV; Derichebourg collects and pre-processes end-of-life EV batteries into black mass, which is processed to recover lithium, nickel and cobalt for LG's battery production. No ownership split or share percentage disclosed.
Electra and LG Energy Solution updated multi-year cobalt supply agreement: 'a firm commitment for 60% of Electra's cobalt sulfate production through to 2029,' with an option to extend through 2032. No destination facility/country stated, so no flow given.
Supplies NCM pouch cells for the Mustang Mach-E extended-range battery pack from its Wroclaw, Poland plant; the standard-range pack uses CATL LFP cells instead.
Order for 76,000 t precursor plus 88,000 t cathode material. Also named separately as a battery-recycling cooperation partner. Not mapped to a numbered top-5 slot.
New H1-2026 disclosure, distinct from the FY2025 76,000t precursor / 88,000t cathode order row: Huayou's Hungary ternary-cathode-material plant (entering line-commissioning) has signed long-term contracts with LGES and EVE Energy locking in project offtake ahead of European localised production. No tonnage/value disclosed.
Named as one of 14 companies (with Hyosung Heavy Industries, LS Electric, HD Hyundai Electric, Samsung SDI) participating in KEPCO's 978MW grid-storage project; article gives no supply share or battery chemistry.
Battery-cell supplier for the Porsche Taycan (pouch cells; current J1.2 generation uses NMC 811 chemistry). Not itemized as a named supplier in Porsche's own annual/sustainability report found in this pass -- sourced to industry press (electrive.com, batterydesign.net, TaycanForum owner-community sourcing of teardown data), not a Porsche primary disclosure.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇮🇩 ID accounts for 30% of severity-weighted pressure.