{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","ticker":"373220.KS","updated_at":"2026-07-12T04:45:05.787+00:00","canonical":"https://valuechain.wiki/lg-energy-solution","same_as":["https://finance.yahoo.com/quote/373220.KS","https://finance.naver.com/item/main.naver?code=373220"],"citable":"밸류체인 그래프 기준 LG에너지솔루션의 직접 연결 기업은 22곳(관계 기준 공급 16·매출 5·투자 1)이고, 사슬을 2차까지 넓히면 27곳에 닿는다. 링크의 근거 출처는 35건이며 그중 1차공시가 6건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, LG Energy Solution is directly linked to 22 companies (16 supply, 5 revenue, 1 investment relationships) and reaches 27 companies within two hops; the links are backed by 35 dated sources, 6 of them primary filings (as of 2026-07-12).","kicker":"코스피 · EV 배터리 셀 · 글로벌 1위권","kicker_en":"KOSPI · EV battery cells · top-tier global","lead":"완성차와의 합작공장·장기공급계약 네트워크를 무기로 한 글로벌 1위권 EV 배터리 셀 기업으로, GM·혼다·현대차그룹·스텔란티스·도요타·테슬라가 모두 고객이자 JV 파트너다. FY2025 연결 매출은 23조6,718억원으로 메탈 약세·EV 캐즘에 전년比 -7.6%였지만, 영업이익은 1조3,461억원(+134%)으로 급증했다 — 다만 이 이익은 IRA 첨단제조세액공제(AMPC 약 8,110억)에 크게 기댄 것이라, 이를 빼면 본업은 여전히 저점이고 4분기는 적자로 돌아섰다. 상위 5대 완성차 고객이 매출의 약 63%를 차지해 물량의 하방을 받치며, 양극재·리튬 조달망까지 그래프가 촘촘히 연결돼 메탈·정책 한 변수가 사슬 전체를 흔든다.","lead_en":"A global top-tier EV battery-cell maker armed with a network of JV plants and long-term supply contracts, with GM, Honda, Hyundai Motor Group, Stellantis, Toyota and Tesla all customers and JV partners. FY2025 consolidated revenue was KRW 23,671.8bn, down 7.6% on soft metals and the EV air-pocket, yet operating profit jumped to KRW 1,346.1bn (+134%) — though that profit leans heavily on IRA advanced-manufacturing credits (AMPC ~KRW 811bn), so ex-AMPC the core is still at the trough and Q4 turned to a loss. The top five automaker customers are ~63% of sales, cushioning volume, while the graph reaches into cathode and lithium sourcing, so a single metals or policy variable shakes the whole chain.","segments":{"note":"영업익 급증(+134%)은 IRA 첨단제조세액공제(AMPC 약 8,110억)에 크게 기댄 것으로, 이를 빼면 본업은 여전히 EV 캐즘의 저점. 4분기는 적자 전환. 관전점은 북미 ESS 출하와 AMPC 현금유입이 EV 수요 회복을 얼마나 잇느냐.","parts":[{"desc":"EV용 셀·모듈. 완성차 JV·장기계약 기반의 주력 매출로, 유럽·북미 EV 수요와 IRA 세액공제에 실적이 좌우된다.","name":"자동차전지 (EV 셀·모듈)"},{"desc":"ESS(에너지저장) 배터리. 테슬라 메가팩용 LFP 등으로 EV 수요 둔화를 상쇄하는 성장 축.","name":"ESS 배터리"},{"desc":"원통형·IT 소형전지. 전동공구·EV(원통형 2170/4680)·IT로 수요가 분산된 부문.","name":"소형전지 (원통형·IT)"}],"total":"FY2025 연결 매출 23조6,718억(-7.6%)·영업익 1조3,461억(+133.9%)","concentration":"상위 5대 완성차 고객이 매출의 약 67% (FY2024)"},"segments_en":{"note":"The +134% operating-profit jump leans heavily on IRA advanced-manufacturing credits (AMPC ~KRW 811bn); ex-AMPC the core business is still at the EV-air-pocket trough, with Q4 swinging to a loss. The watch point is whether North American ESS shipments and AMPC cash inflow bridge to an EV-demand recovery.","parts":[{"desc":"EV cells and modules — the core revenue on automaker JVs and long-term deals, driven by European/North American EV demand and IRA tax credits.","name":"Automotive (EV cells & modules)"},{"desc":"ESS (energy storage) batteries — a growth axis (e.g. LFP for Tesla Megapack) offsetting the EV slowdown.","name":"ESS batteries"},{"desc":"Cylindrical and IT small cells — demand diversified across power tools, EVs (2170/4680 cylindrical) and IT.","name":"Small cells (cylindrical & IT)"}],"total":"FY2025 consolidated revenue KRW 23,671.8bn (-7.6%); operating profit KRW 1,346.1bn (+133.9%)","concentration":"Top-5 automaker customers ≈67% of FY2024 revenue"},"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":2,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"honda-motor","name":"혼다","name_en":"Honda Motor","tier":1,"returns_yearly":{"2021":25.8,"2022":-0.8,"2023":62.2,"2024":-8,"2025":10,"2026":-1.2}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":1,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":1,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":1,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":1,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}}],"benefiting":[{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","tier":1,"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6}},{"slug":"dai-nippon-printing","name":"다이닛폰인쇄","name_en":"Dai Nippon Printing","tier":1,"returns_yearly":{"2021":56.5,"2022":13.9,"2023":42.6,"2024":8.5,"2025":22.5,"2026":15.3}},{"slug":"daejoo-electronic","name":"대주전자재료","name_en":"Daejoo Electronic Materials","tier":1,"returns_yearly":{"2021":98.4,"2022":-2.3,"2023":-19.4,"2024":48.5,"2025":-25.9,"2026":7.7}},{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","tier":1,"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6}},{"slug":"yunnan-energy","name":"Yunnan Energy (Enjie)","name_en":"Yunnan Energy New Material (SEMCORP)","tier":1,"returns_yearly":{"2021":92.8,"2022":-38.6,"2023":-72.6,"2024":-29.2,"2025":76.4,"2026":7.5}},{"slug":"umicore","name":"유미코아","name_en":"Umicore","tier":1,"returns_yearly":{"2021":-27.5,"2022":5.9,"2023":-37.1,"2024":-51.4,"2025":111.6,"2026":2.4}},{"slug":"lotte-energy-materials","name":"롯데에너지머티리얼즈","name_en":"Lotte Energy Materials","tier":1,"returns_yearly":{"2021":31.5,"2022":-32.9,"2023":-49.3,"2024":-30,"2025":75.8,"2026":-8.4}},{"slug":"albemarle","name":"Albemarle","name_en":"Albemarle","tier":1,"returns_yearly":{"2021":59.8,"2022":-6.6,"2023":-32.8,"2024":-39.5,"2025":67.7,"2026":-10.4}},{"slug":"lg-chem","name":"LG화학","name_en":"LG Chem","tier":1,"returns_yearly":{"2021":-29,"2022":9.7,"2023":-36.6,"2024":-45.3,"2025":31.2,"2026":-14.4}},{"slug":"skc","name":"SKC","name_en":"SKC","tier":1,"returns_yearly":{"2021":18.1,"2022":-31.9,"2023":-19.7,"2024":104.3,"2025":-25.4,"2026":-19.2}},{"slug":"landf","name":"엘앤에프","name_en":"L&F","tier":1,"returns_yearly":{"2021":139.2,"2022":22.4,"2023":-30.3,"2024":-38.6,"2025":43.4,"2026":-20.4}},{"slug":"ganfeng","name":"Ganfeng Lithium","name_en":"Ganfeng Lithium","tier":1,"returns_yearly":{"2021":12,"2022":-17.4,"2023":-56.1,"2024":0.1,"2025":108.3,"2026":-21.8}},{"slug":"posco-future-m","name":"포스코퓨처엠","name_en":"POSCO Future M","tier":1,"returns_yearly":{"2021":-17.7,"2022":97.6,"2023":16.3,"2024":-43.6,"2025":56.5,"2026":-32}},{"slug":"advanced-nano-products","name":"나노신소재","name_en":"Advanced Nano Products","tier":1,"returns_yearly":{"2021":56.8,"2022":66.4,"2023":13.9,"2024":-30.9,"2025":5.5,"2026":-32.8}},{"slug":"chunbo","name":"천보","name_en":"Chunbo","tier":1,"returns_yearly":{"2021":40.4,"2022":-7.3,"2023":-65,"2024":-55.6,"2025":59.1,"2026":-37.6}},{"slug":"pnt","name":"피엔티","name_en":"PNT (People & Technology)","tier":1,"returns_yearly":{"2021":62.2,"2022":11.6,"2023":-17.8,"2024":12.2,"2025":31.1,"2026":-39.8}},{"slug":"enchem","name":"엔켐","name_en":"Enchem","tier":1,"returns_yearly":{"2022":-37.4,"2023":173.9,"2024":-20.5,"2025":-26.1,"2026":-76.7}},{"slug":"hoya","name":"호야","name_en":"Hoya Corporation","tier":2,"returns_yearly":{"2021":10.8,"2022":-3,"2023":34.4,"2024":11.3,"2025":24.9,"2026":-2.9}},{"slug":"posco-holdings","name":"POSCO홀딩스","name_en":"POSCO Holdings","tier":2,"returns_yearly":{"2021":13.9,"2022":19.9,"2023":43,"2024":-37.3,"2025":38.3,"2026":-8.8}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":2,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}},{"slug":"lotte-chemical","name":"롯데케미칼","name_en":"Lotte Chemical","tier":2,"returns_yearly":{"2021":-22.5,"2022":-3.6,"2023":-24.4,"2024":-56.1,"2025":50.1,"2026":-25.4}},{"slug":"itochu","name":"이토추상사","name_en":"Itochu","tier":3,"returns_yearly":{"2021":25.6,"2022":17.9,"2023":66.6,"2024":9.1,"2025":40.8,"2026":-3.4}}],"analysis":"투자 논점은 'EV 캐즘 저점에서 JV 네트워크와 IRA 보조금이 얼마나 버텨주느냐'다. FY2025 매출은 -7.6%로 여전히 위축됐지만 영업이익이 +134%로 뛴 건 대부분 AMPC(약 8,110억) 덕분 — 즉 본업 수익성보다 정책 현금이 손익을 떠받치는 국면이라, AMPC를 빼면 4분기 적자가 보여주듯 아직 저점이다. 방어력은 GM·혼다·현대차그룹·스텔란티스·도요타와의 합작공장·장기계약(상위 5대 고객 63%)이고, 성장 전환은 테슬라 메가팩용 LFP ESS 셀 등 북미 ESS 출하다. 리스크는 EV 수요 회복 지연, IRA 정책 변경(AMPC 축소), 메탈 가격. 그래프 파급: 상류에서 양극재(포스코퓨처엠·엘앤에프)·리튬(SQM·간펑·앨버말)이 원가를, 하류에서 완성차 JV가 물량을 좌우하는 허브다.","analysis_en":"The thesis is how well the JV network and IRA subsidies hold at the EV-air-pocket trough. FY2025 revenue was still down 7.6%, but the +134% operating-profit jump is mostly AMPC (~KRW 811bn) — policy cash, not core profitability, is propping up earnings, and ex-AMPC it is still at the trough, as the Q4 loss shows. Defense comes from JV plants and long-term contracts with GM, Honda, Hyundai Motor Group, Stellantis and Toyota (top-five customers 63%), and the growth pivot is North American ESS shipments (e.g., LFP cells for Tesla Megapack). Risks are a delayed EV-demand recovery, IRA policy change (AMPC cuts) and metals prices. Graph propagation: a hub where upstream cathode (POSCO Future M, L&F) and lithium (SQM, Ganfeng, Albemarle) set cost, and downstream automaker JVs set volume.","analysis_asof":"2026-07-10"},"edges":[{"direction":"cost","counterparty":"SQM","counterparty_slug":"sqm","confidence":"high","metric":{"type":"volume","unit":"tonnes","as_of":"2023-07-06","basis":"배터리급 리튬 총 공급량","value":100000,"period":"2023~2029","basis_en":"Battery-grade lithium volume"},"note":"칠레 SQM이 배터리급 탄산·수산화리튬 10만톤 이상을 2023~2029년 공급.","note_en":"Chile's SQM supplies 100,000+ tonnes of battery-grade lithium carbonate and hydroxide, 2023–2029.","sources":[{"stance":"confirms","publisher":"SQM","publisher_en":"SQM","kind":"ir","lang":"en","published_at":"2023-07-06","url":"https://www.sqm.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-el-suministro-de-litio/","title":"SQM·LG에너지솔루션, 리튬 장기공급 신규계약","title_en":"SQM and LG Energy Solution Announce New Long-Term Lithium Supply Contract","excerpt":"supply over 100,000 metric tons of battery grade lithium carbonate and lithium hydroxide during 2023-2029","excerpt_en":"supply over 100,000 metric tons of battery grade lithium carbonate and lithium hydroxide during 2023-2029"},{"stance":"confirms","publisher":"SQM","publisher_en":"SQM","kind":"ir","lang":"en","published_at":"2023-07-05","url":"https://www.sqm.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-suministrar-productos-refinados-de-litio/","title":"SQM과 LG에너지솔루션, 정제 리튬 장기 공급 신규 계약 발표","title_en":"SQM and LG Energy Solution announce new long-term agreement to supply refined lithium products","excerpt":"SQM은 LG에너지솔루션에 2023~2029년 배터리급 탄산리튬·수산화리튬 10만톤 초과를 공급하기로 했다.","excerpt_en":"SQM agreed to supply LG Energy Solution with over 100,000 tonnes of battery-grade lithium carbonate and hydroxide during 2023-2029."}]},{"direction":"investor","counterparty":"LG화학 (모회사 지분)","counterparty_slug":"lg-chem","confidence":"high","metric":{"type":"share","unit":"%","as_of":"2025-12","value":51.5,"period":"LGES가 LG화학 연결매출에서 차지하는 비중"},"note":"2020.12.1 LG화학 전지사업부문 물적분할로 설립된 상장 자회사. LG화학이 지배주주.","note_en":"Listed subsidiary spun off from LG Chem's battery division on Dec 1, 2020; LG Chem is the controlling shareholder.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"DART (FSS)","kind":"filing","lang":"ko","published_at":"2026-03-13","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313001195","title":"LG화학 사업보고서 (2025.12)","title_en":"LG Chem Annual Business Report (FY2025)","excerpt":"당사는 2020년 12월 1일자로 전지사업부문을 물적분할하여 종속기업 (주)LG에너지솔루션을 설립.","excerpt_en":"LG Chem spun off its battery division on Dec 1, 2020 into subsidiary LG Energy Solution."},{"stance":"confirms","publisher":"금융감독원 DART(LG에너지솔루션)","publisher_en":"FSS DART / LG Energy Solution","kind":"filing","lang":"ko","published_at":"2026-03-12","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260312000217","title":"LG에너지솔루션 사업보고서 (2025.12)","title_en":"LG Energy Solution Annual Report FY2025 (DART)","excerpt":"FY2025 연결 매출 23조6,718억(-7.6%)·영업익 1조3,461억(AMPC 약 8,110억 포함).","excerpt_en":"FY2025 consolidated revenue KRW 23,671.8bn (-7.6%); operating profit KRW 1,346.1bn (incl. ~KRW 811bn AMPC)."}]},{"direction":"cost","counterparty":"포스코퓨처엠","counterparty_slug":"posco-future-m","confidence":"high","metric":{"type":"contract_value","unit":"KRW trillion","as_of":"2023-04-26","basis":"양극재 장기 공급계약","value":30.26,"period":"2023~2029","basis_en":"Cathode long-term supply contract"},"note":"하이니켈 NCM/NCMA 양극재를 LGES 전세계 공장에 공급. 2023~2029년 약 30조2595억원 장기 공급계약.","note_en":"Supplies high-nickel NCM/NCMA cathode to LGES plants worldwide; ₩30.26tn long-term contract, 2023–2029.","sources":[{"stance":"confirms","publisher":"포스코퓨처엠","publisher_en":"POSCO Future M","kind":"filing","lang":"ko","published_at":"2023-04-26","url":"https://www.poscofuturem.com/pr/view.do?num=684","title":"포스코퓨처엠, LG에너지솔루션과 30조원 규모 양극재 공급계약","title_en":"POSCO Future M signs KRW 30tn cathode supply deal with LG Energy Solution","excerpt":"30조2595억원 규모의 하이니켈 양극재 공급계약","excerpt_en":"KRW 30.2595tn high-nickel cathode supply contract"},{"stance":"confirms","publisher":"코리아경제데일리","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2023-04-26","url":"https://www.kedglobal.com/batteries/newsView/ked202304260016","title":"포스코퓨처엠, LG엔솔에 226억달러 양극재 공급","title_en":"POSCO Future M to supply $22.6 bn cathodes to LG Energy Solution","excerpt":"POSCO Future M will supply high-nickel cathodes to LG Energy Solution facilities across the world from 2023 to 2029","excerpt_en":"POSCO Future M will supply high-nickel cathodes to LG Energy Solution facilities across the world from 2023 to 2029"}]},{"direction":"revenue","counterparty":"Toyota","counterparty_slug":"toyota","confidence":"high","metric":{"type":"capacity","unit":"GWh/yr","as_of":"2023-10-04","basis":"고니켈 NCMA 셀 장기공급","value":20,"period":"2025~2035","basis_en":"High-nickel NCMA long-term supply"},"note":"미국산 BEV용 고니켈 NCMA 셀을 미시간 공장에서 연 20GWh, 2025~2035년 공급하는 장기계약.","note_en":"10-year (2025–2035) deal to supply 20 GWh/yr of high-nickel NCMA cells from Michigan for US-built Toyota BEVs.","sources":[{"stance":"confirms","publisher":"토요타 USA","publisher_en":"Toyota USA Newsroom","kind":"ir","lang":"en","published_at":"2023-10-04","url":"https://pressroom.toyota.com/lg-energy-solution-and-toyota-sign-long-term-battery-supply-agreement-to-power-electric-vehicles-in-the-u-s/","title":"LG에너지솔루션·토요타, 미국 전기차용 장기 배터리 공급계약","title_en":"LG Energy Solution and Toyota Sign Long-Term Battery Supply Agreement","excerpt":"annual capacity of 20GWh starting from 2025 ... high-nickel NCMA","excerpt_en":"annual capacity of 20GWh starting from 2025 ... high-nickel NCMA"}]},{"direction":"cost","counterparty":"엘앤에프","counterparty_slug":"landf","confidence":"high","metric":{"type":"contract_value","unit":"KRW trillion","as_of":"2022-05-19","basis":"양극재 거래 협약","value":7.1,"period":"2023~2024","basis_en":"Cathode trading agreement"},"note":"원통형 셀용 하이니켈 NCMA·단결정 양극재 공급. 2022년 약 7조1천억원 규모 거래 협약.","note_en":"High-nickel NCMA / single-crystal cathode for cylindrical cells; ~₩7.1tn trading agreement (2022).","sources":[{"stance":"confirms","publisher":"서울경제","publisher_en":"Seoul Economic Daily","kind":"news","lang":"ko","published_at":"2022-05-19","url":"https://www.sedaily.com/NewsView/2663VGJSS4","title":"LG엔솔·엘앤에프, 7조원대 양극재 거래 협약","title_en":"LGES and L&F sign KRW 7tn cathode trading agreement","excerpt":"LG에너지솔루션과 엘앤에프는 7조1000억 원 규모의 양극재 거래 협약을 체결","excerpt_en":"LGES and L&F signed a ~KRW 7.1tn cathode trading agreement"},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"filing","lang":"ko","published_at":"2020-12-16","url":"http://www.thelec.kr/news/articleView.html?idxno=9572","title":"엘앤에프, LG엔솔과 1조4547억원 양극재 공급계약","title_en":"L&F signs KRW 1.45tn cathode supply contract with LGES","excerpt":"엘앤에프는 LG에너지솔루션과 1조4547억원 규모의 양극재 공급 계약을 맺었다","excerpt_en":"L&F signed a KRW 1.4547tn cathode supply contract with LGES"}]},{"direction":"revenue","counterparty":"Stellantis (NextStar Energy)","counterparty_slug":null,"confidence":"high","metric":{"type":"investment","unit":"CAD billion","as_of":"2022-03-23","basis":"JV 총 투자, 45GWh 초과","value":5,"period":"2022~","basis_en":"Total JV investment, >45 GWh"},"note":"캐나다 윈저 첫 대형 셀공장(NextStar), 50억 캐나다달러 이상·45GWh 초과. 2026년 LGES가 지분 전량 인수해 단독 전환.","note_en":"Canada's first large-scale cell plant (NextStar), >C$5B, >45 GWh. In 2026 LGES took full ownership.","sources":[{"stance":"confirms","publisher":"스텔란티스","publisher_en":"Stellantis","kind":"ir","lang":"en","published_at":"2026-02-06","url":"https://www.stellantis.com/en/news/press-releases/2026/february/lg-energy-solution-to-acquire-full-ownership-of-nextstar-energy-in-joint-strategic-decision-with-stellantis","title":"LG에너지솔루션, 넥스트스타 에너지 완전 인수","title_en":"LG Energy Solution to Acquire Full Ownership of NextStar Energy","excerpt":"Stellantis selling its 49 per cent equity stake to LG Energy Solution","excerpt_en":"Stellantis selling its 49 per cent equity stake to LG Energy Solution"},{"stance":"confirms","publisher":"넥스트스타 에너지","publisher_en":"NextStar Energy","kind":"ir","lang":"en","published_at":"2022-03-23","url":"https://nextstar-energy.com/stellantis-and-lg-energy-solution-to-invest-over-5-billion-cad-in-joint-venture-for-first-large-scale-lithium-ion-battery-production-plant-in-canada/","title":"스텔란티스·LG에너지솔루션, 캐나다 첫 대형 배터리공장에 50억 캐나다달러 이상 투자","title_en":"Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Canada JV","excerpt":"more than $5 billion CAD ($4.1 billion USD) ... in excess of 45 gigawatt hours","excerpt_en":"more than $5 billion CAD ($4.1 billion USD) ... in excess of 45 gigawatt hours"}]},{"direction":"revenue","counterparty":"Honda (L-H Battery)","counterparty_slug":null,"confidence":"high","metric":{"type":"investment","unit":"USD billion","as_of":"2023-01-13","basis":"JV 총 투자, 40GWh","value":4.4,"period":"2023~","basis_en":"JV-related investment, 40 GWh"},"note":"LGES 51%·혼다 49% 오하이오 합작 셀공장, 약 44억 달러·약 40GWh.","note_en":"Ohio cell JV owned LGES 51% / Honda 49%; ~$4.4B, ~40 GWh.","sources":[{"stance":"confirms","publisher":"LG에너지솔루션","publisher_en":"LG Energy Solution","kind":"ir","lang":"en","published_at":"2023-01-13","url":"https://news.lgensol.com/company-news/press-releases/1315/","title":"LG에너지솔루션·혼다, 오하이오 배터리 합작법인 설립","title_en":"LG Energy Solution and Honda Establish Battery JV in Ohio","excerpt":"51% LGES, 49% Honda ... overall investment ... $4.4 billion ... approximately 40GWh","excerpt_en":"51% LGES, 49% Honda ... overall investment ... $4.4 billion ... approximately 40GWh"},{"stance":"confirms","publisher":"지디넷코리아","publisher_en":"ZDNet Korea","kind":"news","lang":"ko","published_at":"2023-01-13","url":"https://zdnet.co.kr/view/?no=20230113220859","title":"LG엔솔·혼다, 5.5조 들여 美 배터리 합작공장","title_en":"LGES-Honda to spend KRW 5.5tn on US battery JV plant","excerpt":"LG에너지솔루션이 51%, 혼다가 49% ... 총 44억달러(5조5천억원)를 투자 ... 40기가와트시","excerpt_en":"LGES 51%, Honda 49% ... total $4.4B (₩5.5tn) ... 40 GWh"}]},{"direction":"revenue","counterparty":"Tesla","counterparty_slug":"tesla","confidence":"high","metric":{"type":"contract_value","unit":"USD billion","as_of":"2026-03-17","basis":"LFP 각형 ESS 셀 공급(메가팩3)","value":4.3,"period":"2027-08~2030-07","basis_en":"LFP prismatic ESS cell supply (Megapack 3)"},"note":"미시간 랜싱 공장에서 LFP 각형 ESS 셀을 메가팩3용으로 공급하는 43억 달러 규모 계약(2027~2030). 원통형 2170 셀도 별도 공급.","note_en":"$4.3B deal to supply LFP prismatic ESS cells for Megapack 3 from Lansing MI (2027–2030); also supplies 2170 cylindrical cells.","sources":[{"stance":"confirms","publisher":"일렉트렉","publisher_en":"Electrek","kind":"news","lang":"en","published_at":"2026-03-17","url":"https://electrek.co/2026/03/17/tesla-lg-energy-solution-4-3-billion-lfp-battery-deal-megapack-confirmed/","title":"테슬라·LG에너지솔루션 43억 달러 LFP 배터리 계약(메가팩) 확인","title_en":"Tesla-LG Energy Solution $4.3 billion LFP battery deal for Megapack confirmed","excerpt":"LG produce LFP prismatic cells at its Lansing, Michigan factory starting in 2027 ... through July 2030","excerpt_en":"LG produce LFP prismatic cells at its Lansing, Michigan factory starting in 2027 ... through July 2030"},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2025-02-05","url":"https://www.thelec.kr/news/articleView.html?idxno=32699","title":"LG엔솔, 테슬라에 2170 53F 셀 공급…난징 생산","title_en":"LGES supplies Tesla with 2170 53F cells, made in Nanjing","excerpt":"53F 셀이다 ... 중국 난징 공장에서 생산해 테슬라의 기가 상하이로 공급","excerpt_en":"53F cells ... made at the Nanjing plant and supplied to Tesla Giga Shanghai"}]},{"direction":"revenue","counterparty":"현대차그룹 (HL-GA Battery)","counterparty_slug":"hyundai-motor-company","confidence":"high","metric":{"type":"investment","unit":"USD billion","as_of":"2023-08-31","basis":"JV 총 투자, 30GWh","value":4.3,"period":"2026~","basis_en":"Total JV investment, 30 GWh"},"note":"미국 조지아 50:50 합작 셀공장(HL-GA), 총 43억 달러 이상·약 30GWh, 2026년 양산.","note_en":"50/50 cell JV near Hyundai's Georgia Metaplant (HL-GA); >$4.3B, ~30 GWh, production from 2026.","sources":[{"stance":"confirms","publisher":"조지아주 경제개발청","publisher_en":"Georgia Dept. of Economic Development","kind":"news","lang":"en","published_at":"2023-08-31","url":"https://www.georgia.org/press-releases/2023/hyundai-motor-group-and-lg-energy-solution-invest-additional-2b-bryan-county","title":"현대차그룹·LG에너지솔루션 브라이언카운티 추가 20억달러 투자","title_en":"Hyundai Motor Group and LG Energy Solution Invest Additional $2B in Bryan County","excerpt":"raising the JV total investment value to more than $4.3 billion ... The 30 GWh facility","excerpt_en":"raising the JV total investment value to more than $4.3 billion ... The 30 GWh facility"},{"stance":"confirms","publisher":"현대자동차그룹","publisher_en":"Hyundai Motor Group","kind":"ir","lang":"ko","published_at":"2023-05-26","url":"https://www.hyundaimotorgroup.com/ko/news/CONT0000000000093755","title":"현대차그룹·LG에너지솔루션, 미국 배터리셀 합작공장 설립","title_en":"Hyundai Motor Group and LG Energy Solution to build US battery cell JV","excerpt":"총 5조 7천억원(43억 달러 이상)을 공동 투자 ... 연산 약 30기가와트시","excerpt_en":"joint investment of KRW 5.7tn (>$4.3B) ... ~30 GWh/yr"}]},{"direction":"revenue","counterparty":"General Motors (Ultium Cells)","counterparty_slug":null,"confidence":"high","metric":{"type":"investment","unit":"USD billion","as_of":"2022-01-26","basis":"랜싱 3공장 투자, 50GWh","value":2.6,"period":"2022~","basis_en":"Lansing plant 3 investment, 50 GWh"},"note":"GM 합작 셀 제조사 얼티엄셀즈(오하이오·테네시)로 배터리 공급. 랜싱 3공장(26억 달러·50GWh)은 2025년 LGES 단독 인수.","note_en":"Supplies cells via GM JV Ultium Cells (Ohio, Tennessee); the Lansing 3rd plant ($2.6B / 50 GWh) was acquired outright by LGES in 2025.","sources":[{"stance":"mentions","publisher":"미래에셋증권","publisher_en":"Mirae Asset Securities","kind":"research","lang":"ko","published_at":"2026-02-01","url":"https://securities.miraeasset.com/bbs/download/2131410.pdf?attachmentId=2131410","title":"미래에셋증권 — LG에너지솔루션 매수·목표주가 51만원 상향(25년 방향성 주목)","title_en":"Mirae Asset — LG Energy Solution Buy, target KRW 510,000 (focus on 2025 direction)","excerpt":"미래에셋 매수·목표 51만원 — 북미 ESS·AMPC 현금유입이 투자 포인트.","excerpt_en":"Mirae Asset Buy, target KRW 510,000 — North American ESS and AMPC cash inflow are the thesis."},{"stance":"confirms","publisher":"배터리인사이드","publisher_en":"Battery Inside","kind":"news","lang":"ko","published_at":"2025-05-08","url":"https://inside.lgensol.com/2025/05/lgenergysolution-ultium-cells-llc3/","title":"LG에너지솔루션, 얼티엄셀즈 3기 최종 인수","title_en":"LG Energy Solution completes acquisition of Ultium Cells plant 3","excerpt":"얼티엄셀즈 3기의 인수를 최종 완료했다 ... 북미 내 세 번째 단독 공장으로 전환","excerpt_en":"completed acquisition of Ultium Cells plant 3; converted to its third wholly-owned North American plant"},{"stance":"confirms","publisher":"LG에너지솔루션","publisher_en":"LG Energy Solution","kind":"ir","lang":"en","published_at":"2022-01-26","url":"https://news.lgensol.com/company-news/press-releases/881/","title":"GM·LG에너지솔루션, 26억 달러 투자해 랜싱에 3번째 얼티엄셀즈 공장","title_en":"GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Plant in Lansing","excerpt":"a $2.6 billion investment to build its third battery cell manufacturing plant ... 50 gigawatt hours","excerpt_en":"a $2.6 billion investment to build its third battery cell manufacturing plant ... 50 gigawatt hours"}]},{"direction":"cost","counterparty":"천보","counterparty_slug":"chunbo","confidence":"high","metric":null,"note":"LG에너지솔루션에 전해질염과 전해액 첨가제를 공급한다.","note_en":"Chunbo supplies electrolyte salts and additives to LG Energy Solution.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"en","published_at":"2021-01-25","url":"https://www.thelec.net/news/articleView.html?idxno=2238","title":"천보, 전해질 생산 두 배로 확대","title_en":"Chunbo to double electrolyte production","excerpt":"천보는 LG에너지솔루션을 포함한 셀 업체에 LiPO2F2 등 전해질염과 첨가제를 공급한다.","excerpt_en":"Chunbo supplies LiPO2F2 and other salts and additives to cell makers including LG Energy Solution."}]},{"direction":"revenue","counterparty":"제너럴 모터스","counterparty_slug":"general-motors","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"얼티엄 셀즈 JV를 통한 GM향 배터리 셀 매출(워런·스프링힐·랜싱).","note_en":"Battery-cell revenue to GM via the Ultium Cells JV.","sources":[{"stance":"confirms","publisher":"LG에너지솔루션","publisher_en":"LG Energy Solution","kind":"ir","lang":"en","published_at":"2022-01-26","url":"https://news.lgensol.com/company-news/press-releases/881/","title":"GM·LG에너지솔루션, 26억 달러 투자해 랜싱에 3번째 얼티엄셀즈 공장","title_en":"GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Plant in Lansing","excerpt":"Ultium Cells JV of LGES and GM: $2.6B third plant in Lansing.","excerpt_en":"Ultium Cells JV third plant in Lansing."}]},{"direction":"revenue","counterparty":"혼다 (배터리 JV)","counterparty_slug":"honda-motor","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"오하이오 L-H JV로 혼다·아큐라 EV 셀 공급.","note_en":"Supplies cells to Honda/Acura EVs via the Ohio L-H JV.","sources":[{"stance":"confirms","publisher":"LG에너지솔루션","publisher_en":"LG Energy Solution","kind":"ir","lang":"en","published_at":"2023-01-13","url":"https://news.lgensol.com/company-news/press-releases/1315/","title":"LG에너지솔루션·혼다, 오하이오 배터리 합작법인 설립","title_en":"LG Energy Solution and Honda Establish Battery JV in Ohio","excerpt":"L-H JV supplies cells for Honda and Acura EVs.","excerpt_en":"L-H JV supplies Honda/Acura EVs."}]},{"direction":"cost","counterparty":"Umicore","counterparty_slug":"umicore","confidence":"mid","metric":{"type":"volume","unit":"tonnes","as_of":"2018-04-01","basis":"NMC 양극활물질 공급(LG화학 명의)","value":125000,"period":"2020~","basis_en":"NMC cathode supply (signed by LG Chem)"},"note":"벨기에 유미코어가 고성능 NMC 양극활물질을 약 8만톤(2019년 발표, LG화학 명의) 공급.","note_en":"Belgium's Umicore supplies high-performance NMC cathode active material (~80,000t, announced 2019, signed by LG Chem).","sources":[{"stance":"confirms","publisher":"유미코어","publisher_en":"Umicore","kind":"ir","lang":"en","published_at":"2018-04-25","url":"https://www.umicore.com/en/newsroom/umicore-and-lg-chem-conclude-long-term-supply-agreement-for-nmc-cathode-materials/","title":"유미코어·LG화학, NMC 양극재 장기 공급계약 체결","title_en":"Umicore and LG Chem conclude long-term supply agreement for NMC cathode materials","excerpt":"long-term supply agreement for NMC cathode materials","excerpt_en":"long-term supply agreement for NMC cathode materials"}]},{"direction":"cost","counterparty":"Ganfeng Lithium","counterparty_slug":"ganfeng","confidence":"mid","metric":{"type":"count","unit":"t","as_of":"2018-09-21","basis":"누적 공급 계약","value":92600,"period":"2019~2025","basis_en":"cumulative supply contract"},"note":"LG화학·LG에너지솔루션은 2019~2025년 간펑리튬에서 수산화리튬·탄산리튬을 총 9.26만 톤 조달하는 장기계약을 맺었다.","note_en":"LG Chem / LG Energy Solution contracted to source 92,600 tons of lithium hydroxide and carbonate from Ganfeng Lithium over 2019-2025.","sources":[{"stance":"confirms","publisher":"중국분체망","publisher_en":"CNPowder","kind":"news","lang":"zh","published_at":"2018-09-21","url":"https://news.cnpowder.com.cn/47603.html","title":"7年供锂货9万吨！赣锋锂业与LG签订新合同保销路","title_en":"Ganfeng signs new contract with LG for about 90,000 tons of lithium over 7 years","excerpt":"LG화학이 2019~2025년 간펑리튬·간펑국제에서 수산화리튬·탄산리튬 총 9.26만 톤을 조달하는 계약을 맺었다.","excerpt_en":"LG Chem contracted to source 92,600 tons of lithium hydroxide and carbonate from Ganfeng and Ganfeng International over 2019-2025."}]},{"direction":"cost","counterparty":"솔루스첨단소재","counterparty_slug":null,"confidence":"mid","metric":{"type":"contract_value","unit":"USD million","as_of":"2021-01-01","basis":"헝가리 전지박 5년 공급(LG화학 명의)","value":380,"period":"2021~2025","basis_en":"5-yr Hungary copper-foil supply (signed by LG Chem)"},"note":"헝가리 공장에서 전지용 동박을 유럽향 LGES에 공급. 2021년 품질승인.","note_en":"Supplies electrodeposited battery copper foil from Hungary for LGES Europe; quality approval 2021.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2021-01-20","url":"https://www.thelec.kr/news/articleView.html?idxno=10129","title":"솔루스첨단소재, LG엔솔 헝가리 전지박 공급 품질승인","title_en":"Solus Advanced Materials gets LGES quality approval for Hungary copper foil","excerpt":"솔루스첨단소재가 LG에너지솔루션향 전지박 공급 품질 승인을 받았다","excerpt_en":"Solus received quality approval to supply copper foil to LGES"}]},{"direction":"cost","counterparty":"Albemarle","counterparty_slug":"albemarle","confidence":"mid","metric":null,"note":"LG에너지솔루션이 배터리용 리튬을 앨버말에서 조달한다.","note_en":"LG Energy Solution sources battery lithium from Albemarle.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2023-09-15","url":"https://www.thelec.kr/news/articleView.html?idxno=23075","title":"리튬 시장 점유율 1위...'앨버말' 몸집 더 커지나","title_en":"No.1 in lithium: is Albemarle getting even bigger?","excerpt":"앨버말은 LG에너지솔루션과 테슬라에 리튬을 공급 중이다.","excerpt_en":"Albemarle supplies lithium to LG Energy Solution and Tesla."}]},{"direction":"cost","counterparty":"대주전자재료","counterparty_slug":"daejoo-electronic","confidence":"mid","metric":null,"note":"LG에너지솔루션은 대주전자재료로부터 실리콘 음극재를 조달해 포르쉐 타이칸 등 EV 배터리 셀에 적용한다(2019년부터).","note_en":"LG Energy Solution sources silicon anode material from Daejoo Electronic Materials for EV battery cells such as the Porsche Taycan (since 2019).","sources":[{"stance":"confirms","publisher":"미래에셋증권","publisher_en":"Mirae Asset Securities","kind":"news","lang":"ko","published_at":"2024-07-23","url":"https://securities.miraeasset.com/bbs/download/2129978.pdf?attachmentId=2129978","title":"대주전자재료: 흔들리는 업황 속에서 성장성이 느껴진거야2","title_en":"Daejoo Electronic Materials: growth felt amid a shaky cycle","excerpt":"LG에너지솔루션 EV배터리 셀에 대주전자재료의 실리콘음극재가 탑재되고 있으며 포르쉐 모델 확대와 Mass 모델 확장이 예상된다.","excerpt_en":"Daejoo's silicon anode is loaded into LG Energy Solution EV battery cells, with expansion to more Porsche models and mass-market models expected."}]},{"direction":"cost","counterparty":"Yunnan Energy (Enjie)","counterparty_slug":"yunnan-energy","confidence":"mid","metric":null,"note":"LG에너지솔루션은 언제구펀과 분리막 장기공급계약(LTA)을 맺은 해외 고객이다.","note_en":"LG Energy Solution is an overseas customer that has signed a long-term separator supply agreement with Enjie.","sources":[{"stance":"confirms","publisher":"언제구펀 2024 연차보고서(영문)","publisher_en":"Yunnan Energy New Material FY2024 Annual Report (English)","kind":"filing","lang":"en","published_at":"2025-06-10","url":"https://www.semcorp.com/Public/Uploads/uploadfile/files/20250610/enjiegufen2024nianniandubaogaoyingwenban.pdf","title":"2024 Annual Report of Yunnan Energy New Material Co., Ltd.","title_en":"2024 Annual Report of Yunnan Energy New Material Co., Ltd.","excerpt":"회사가 LGES 및 Ultium Cells 등 해외 고객과 장기공급계약을 체결했다고 명시한다.","excerpt_en":"States the Company signed long-term supply agreements with overseas customers such as LGES and Ultium Cells."}]},{"direction":"cost","counterparty":"롯데에너지머티리얼즈","counterparty_slug":"lotte-energy-materials","confidence":"mid","metric":null,"note":"LG에너지솔루션은 음극 동박을 롯데에너지머티리얼즈에서 조달한다.","note_en":"LG Energy Solution sources anode copper foil from Lotte Energy Materials.","sources":[{"stance":"confirms","publisher":"코리아이코노믹데일리(KED Global)","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2024-06-21","url":"https://www.kedglobal.com/batteries/newsView/ked202406210015","title":"Lotte Energy Materials sets sights beyond copper foil: CEO Kim","title_en":"Lotte Energy Materials sets sights beyond copper foil: CEO Kim","excerpt":"LG에너지솔루션은 롯데에너지머티리얼즈의 동박 고객사로 언급된다.","excerpt_en":"LG Energy Solution is named as a copper foil customer of Lotte Energy Materials."}]},{"direction":"cost","counterparty":"SKC","counterparty_slug":"skc","confidence":"mid","metric":null,"note":"LG에너지솔루션은 SK넥실리스(SKC 자회사)와 5~6년·최대 4조원 규모 동박 공급을 논의 중이나, 2025년 7월 기준 공급계약은 미체결(단가 협상 단계)이다.","note_en":"LG Energy Solution is in talks with SK Nexilis (SKC subsidiary) for a 5-6 year, up to KRW 4tn copper foil supply, but as of July 2025 no contract is signed (still pricing negotiation).","sources":[{"stance":"confirms","publisher":"시사저널e","publisher_en":"Sisajournal-e","kind":"news","lang":"ko","published_at":"2025-07-25","url":"https://www.sisajournal-e.com/news/articleView.html?idxno=413715","title":"LG·SK 배터리 동맹 복원하나 4조원 규모 동박 계약 논의","title_en":"Reviving the LG-SK battery alliance? Talks on a KRW 4tn copper foil deal","excerpt":"LG에너지솔루션은 SK넥실리스와 단가 협상을 진행했으나 아직 공급계약을 맺지 않았다고 밝혔다.","excerpt_en":"LG Energy Solution said it held pricing talks with SK Nexilis but has not yet signed a supply contract."}]},{"direction":"cost","counterparty":"엔켐","counterparty_slug":"enchem","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"GM·LGES 합작사 얼티엄셀즈 오하이오 1공장향 차세대 전해액 공급 확정(2023). 금액 비공개.","note_en":"Confirmed (2023) to supply next-gen electrolyte to the GM-LGES JV Ultium Cells Ohio Plant 1; value undisclosed.","sources":[{"stance":"confirms","publisher":"테크월드","publisher_en":"TechWorld (EPNC)","kind":"news","lang":"ko","published_at":"2026-04-06","url":"https://www.epnc.co.kr/news/articleView.html?idxno=330836","title":"[TECH한주] K-배터리 혈맥을 잇다…전해액 글로벌 거물로 우뚝 선 '엔켐'의 질주","title_en":"Enchem's rise as a global electrolyte power","excerpt":"엔켐은 LG에너지솔루션과 GM의 합작 얼티엄셀즈 오하이오 공장에 전해액 공급을 개시했다.","excerpt_en":"Enchem began supplying electrolyte to the Ohio plant of Ultium Cells, the LG Energy Solution-GM joint venture."},{"stance":"confirms","publisher":"아시아경제","publisher_en":"Asia Business Daily","kind":"news","lang":"ko","published_at":"2023-08-24","url":"https://core.asiae.co.kr/article/2023082408363571135","title":"엔켐, 얼티엄셀즈 오하이오 1공장 전해액 공급 확정","title_en":"Enchem confirmed to supply electrolyte to Ultium Cells Ohio Plant 1","excerpt":"엔켐은 얼티엄셀즈의 오하이오 제1공장향 차세대 전해액 공급을 확정","excerpt_en":"Enchem confirmed supply of next-generation electrolyte to Ultium Cells Ohio Plant 1"}]},{"direction":"cost","counterparty":"피엔티","counterparty_slug":"pnt","confidence":"mid","metric":null,"note":"LG에너지솔루션은 전극 코팅 장비를 일본 히라노텍시드에서 피엔티로 바꿔 도입했다. 셀 증설 설비투자의 일부가 피엔티 장비 발주로 나간다.","note_en":"LG Energy Solution switched its electrode-coating equipment from Japan's Hirano Techseed to PNT; part of its cell-expansion capex flows into PNT equipment orders.","sources":[{"stance":"confirms","publisher":"바이라인네트워크","publisher_en":"Byline Network","kind":"news","lang":"ko","published_at":"2022-07-15","url":"https://byline.network/2022/07/15-195/","title":"배터리랑 같이 크는 장비 업체 피엔티","title_en":"PNT, the equipment maker growing with batteries","excerpt":"LG에너지솔루션은 피엔티의 롤투롤 전극공정 장비를 도입한 국내 배터리 3사 고객이다.","excerpt_en":"LG Energy Solution is one of Korea's three cell makers that adopted PNT's roll-to-roll electrode-process equipment."}]},{"direction":"cost","counterparty":"배터리 파우치 필름 (DNP·쇼와덴코)","counterparty_slug":"dai-nippon-printing","confidence":"mid","metric":{"product":"battery_pouch_film"},"note":"파우치셀 외장재인 알루미늄 라미네이트 파우치 필름을 일본 DNP·쇼와덴코(레조낙)에 크게 의존 — 공급 이원화·국산화(율촌 등)를 추진하는 배경.","note_en":"Relies heavily on Japan's DNP and Showa Denko (Resonac) for the aluminum-laminate pouch film that encases pouch cells — the reason it is pushing dual-sourcing and localization (Yulchon and others).","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"ko","published_at":"2025-04-10","url":"https://www.thelec.kr/news/articleView.html?idxno=12269","title":"율촌화학, 日의존도 100% 배터리 파우치 필름 국산화…삼성SDI와 협업","title_en":"Yulchon localizing battery pouch film that was 100% import-dependent on Japan (DNP/Showa Denko)","excerpt":"LG엔솔, 파우치 필름 일본 의존 축소 위해 율촌 국산품 평가.","excerpt_en":"LG Energy Solution evaluating Yulchon's domestic pouch film to cut Japan dependence."}]},{"direction":"cost","counterparty":"나노신소재 (CNT 도전재)","counterparty_slug":"advanced-nano-products","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"CNT 도전재 조달처(양극·음극).","note_en":"CNT conductive-additive supplier (cathode/anode).","sources":[{"stance":"mentions","publisher":"파이낸스스코프","publisher_en":"Finance Scope","kind":"news","lang":"ko","published_at":"2024-11-07","url":"https://www.finance-scope.com/article/view/scp202411070013","title":"나노신소재, LG엔솔·삼성SDI 납품 위한 미국·폴란드 CNT 공장","title_en":"Advanced Nano Products builds US and Poland CNT plants to supply LG and Samsung SDI","excerpt":"나노신소재 CNT 도전재 채택.","excerpt_en":"Uses Nano-Products CNT additives."}]},{"direction":"cost","counterparty":"LS일렉트릭","counterparty_slug":"ls-electric","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"배터리 공장과 ESS용 전력설비를 LS일렉트릭에서 공급받는다. LS일렉트릭 전력인프라 부문 매출의 4.6%가 LG에너지솔루션향이다.","note_en":"LG Energy Solution sources power equipment for battery plants and ESS from LS Electric; 4.6% of LS Electric's power-infrastructure revenue is to LG Energy Solution.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"전력인프라 주요매출처: (주)엘지에너지솔루션 4.6%.","excerpt_en":"Power-infrastructure top customer: LG Energy Solution 4.6%."}]}]}