LG New Energy will launch a new type of battery, focusing on the energy storage market.

LG's Chief Technology Officer of New Energy stated that they will begin mass production of a new type of lithium iron phosphate battery in 2027, which has higher energy density and longer cycle life. This is the first time LG has disclosed plans to introduce a significantly upgraded model of lithium iron phosphate batteries, aiming to reposition themselves as a high-value solution for energy storage systems. In addition, LG New Energy is also investing in sodium-based batteries and dry coating technology to reduce costs, as the company seeks to compete for market share in multiple sectors such as electric vehicles, energy storage systems, and humanoid robots.