R&D expenses of LG Energy Solution 2020-2023

Published by
Jang Seob Yoon,
Apr 12, 2024
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).

Research and development (R&D) expenses of battery company LG Energy Solution from 2020 to 2023 (in billion South Korean won)

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Release date

March 2024

Region

Worldwide, South Korea

Survey time period

2020 to 2023

Special properties

excluding government subsidies

Supplementary notes

*LG Chem‘s battery sector was split into a subsidiary company called LG Energy Solution since December 2020.

Figures have been rounded.

1,000 South Korean won equals 0.74 U.S. dollars or 0.69 euros as of April 2024.

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