Overview
- Construction of the new LFP line at the Ochang site in North Chungcheong Province begins this year with an initial annual capacity of 1 GWh and a path to expand based on demand.
- Commercial output will target energy storage systems in 2027, marking LG Energy Solution’s first domestic LFP production after launches in China and the United States.
- LFP chemistry accounts for roughly 90 percent of the global ESS market, a cost- and safety-driven shift cited by the company using SNE Research data.
- The timing aligns with the Korea Power Exchange’s second-round tender for a 540 MWh ESS project due by end-2027, with the evaluation weight for local industry contribution increasing to 50 percent.
- In a previous domestic bidding round, LG captured 24 percent of capacity while Samsung SDI took 76 percent with domestically produced NCA cells, and experts say the new LFP facility could later pivot to EV use with further investment.