
May 2026
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![]() | LG Energy Solution is the third-largest battery maker for electric vehicles with about 11% global share in 2024, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2024. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis. | $293 | +46% | $69B | $82B | 5.0x | 25.0x | ||
![]() | Ecopro BM Co Ltd is engaged in the development and production of secondary battery materials like precursors and cathode materials. Its products are used in electric vehicles, electric energy storage systems, uninterruptible power supply, smart grids, and ones for aerospace, medical and military purposes. | $131 | +93% | $13B | $14B | 8.3x | 94.8x | ||
![]() | Ecopro Co Ltd is engaged in the battery materials business, mainly serving the lithium-ion battery industry. The company operates through two reportable segments: Battery Materials business and Other business. The Battery Materials business segment focuses on cathode materials, the core components used in lithium-ion batteries, and also covers precursors, lithium, and recycling activities related to the cathode materials business. | $84 | +178% | $11B | $13B | 5.8x | 157.4x | ||
![]() | Hanyang Eng Co Ltd is engaged in the construction business. It offers construction of information technology facilities, industrial facilities, biopharmaceutical facilities, solar polysilicon production equipment, nuclear and aerospace facilities and others. It also manufactures and installs central chemical supply systems (CCSSs) and total chemical management systems (TCMS), which are used in semiconductors, displays, solar energy facilities and others. | $20 | -- | $324M | $202M | 0.3x | 4.5x | ||
![]() | Pie Co Ltd provides integrated inspection solutions from the developing inspection SW algorithms to the manufacturing technological capabilities specializing in machine vision (2D, 3D) and NDT (Ultrasonic, etc.). It include various industrial areas such as display, secondary battery, and semiconductor. The company solution includes Industrial Inspection and Manufacturing Intelligence. | $3 | -49% | $119M | $130M | 3.0x | (10.8x) | ||
| Median | $84 | +70% | $11B | $13B | 5.0x | 25.0x |
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