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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] LG Energy Solution has increased its research and development (R&D) investment to a record high despite a downturn in the industry due to decreased demand for electric vehicles.
According to the battery industry on Sunday, LG Energy Solution, which was launched at the end of 2020, has spent a cumulative 795.3 billion KRW on R&D investments through the third quarter of this year. Including the fourth quarter, the total R&D investment for the year is expected to reach around 1.1 trillion KRW, surpassing last year's R&D investment of 1.0374 trillion KRW, marking the highest amount ever.
In response to the temporary demand stagnation in the electric vehicle sector this year, LG Energy Solution focused on investment efficiency and business portfolio diversification as part of its "rebalancing" efforts.
However, the company did not shy away from investing in the future to maintain its "technological leadership." LG Energy Solution has continued its aggressive R&D activities this year, especially in next-generation batteries, through an "open innovation" strategy, achieving significant progress in fields like lithium-sulfur batteries, silicon anode materials, and solid-state batteries.
Notable achievements include:
Development of new lithium-sulfur battery technologies in collaboration with KAIST researchers
Improvement of silicon anode degradation technology with Yonsei University
Development of solid-state battery anode technology with the Korea Electronics Technology Institute (KETI)
Lithium-sulfur battery anode technology development with Daegu Gyeongbuk Institute of Science and Technology (DGIST).
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
