ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Technology

LG Energy CEO takes on China EV battery giant CATL

Company wields $97bn market value from IPO as it chases Chinese rival

Kwon Young-soo, chief executive of LG Energy Solution and the most powerful executive in LG Group, beats a drum at a traditional ceremony held for initial public offerings at the Korea Exchange in Seoul, South Korea.

SEOUL -- LG Energy Solution, the battery-making subsidiary of South Korea's LG Chem, went public last Thursday and ended its first trading day with its stock 68% higher than the initial offering price and a market capitalization of around $97 billion.

The IPO was spearheaded by Chief Executive Kwon Young-soo, a pillar of the LG Group who has taken back the helm of the battery business launched by the late former chairman, Koo Bon-moo.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more