• LG Energy Solution to Host ‘LGES Battery Challenge 2022’ Seeking Battery-Related Technology Startups to Fund Cutting-Edge Research in Battery Industry
  • Through international competition, LGES aims to maintain leadership in the battery industry

Seoul, South Korea, July 30, 2022 /PRNewswire/ — LG Energy Solution (LGES; 373220) continues its efforts to foster next-generation battery technologies by inviting startups in the industry. The battery manufacturer said it is accommodation the ‘LGES Battery Challenge 2022’, an international competition to identify startups for possible investment and collaboration.

Through the program, LGES is bringing battery startups together to keep pace with the rapidly developing industry as a growing number of economies transition to renewable energy. This is the third time that the company is accommodation the competition.

Start-ups specializing in battery-related technology can participate in this year’s Battery Challenge. This year’s program focuses heavily on three main categories: Battery Technologies over Materials, Management and Control, and Smart Factory. Up to 10 start-ups will be selected as finalists and each will receive funding and the opportunity to cooperate with LGES.

“By utilizing programs such as the Battery Challenge and Open Innovation, LGES aims to maintain its leadership position in the battery industry,” he said. Young Joon Shin, CTO of LG Energy Solution. “LGES will continue to expand battery-related research with promising startups as well as distinguished scholars and academic organizations around the world.”

Applications will be accepted through 16 of September on the official website (www.lgesbatterychallenge2022.com), it’s ready to go August 1 a 9 a.m. (KST).

About LG Power Solution

LG Energy Solution (KRX: 373220), a division of LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the world’s leading battery-related patent holder with more than 24,000 patents. Its strong global network, which spans North America, Europe, Asia and Australia, includes battery manufacturing facilities established through joint ventures with major automakers including General Motors, Stellantis NV and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting a diverse and inclusive corporate culture. To learn more about LG Energy Solution ideas and innovations, please visit https://www.lgensol.com.

SOURCE LG Power Solution

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