LGES EV battery lead outside China at risk

Long-dominant in its home market of China, Catl is rapidly catching LGES in in the rest of the world thanks to market-leading technology and manufacturing expertise

LGES EV battery lead outside China at risk
LG Energy Solution is expanding its Michigan battery plant

South Korea's LG Energy Solution (LGES) is betting the US Inflation Reduction Act (IRA) will help it to catch up with China’s Catl, the world’s biggest maker of EV batteries.

Instead, it is getting dangerously close to losing its lead outside China as Catl and domestic rival BYD make in-roads in international markets.


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