LG Energy: Korea’s $90 Billion EV Battery Giant

As electric vehicles gain popularity around the world, people are starting to pay closer attention to the batteries going into those EVs. A recent report by the Biden administration singles out large capacity EV batteries as one of four critical industries worth further scrutiny. Asian-based companies are driving substantial technical progress here. In a prior video, I profiled CATL Group, the world's largest EV battery company by shipments. While they are indeed growing very quickly, CATL's leading position is almost entirely defined by its dominance in the China market. Outside of China, the situation is very different. In this video, I want to look at another battery market leader, one with considerable strength outside of China. What had once been LG Chem, but is now called LG Energy Solution. Links: - The Asianometry Newsletter: https://asianometry.substack.com- Patreon: https://www.patreon.com/Asianometry