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LG Energy Solution (XKRX:373220) Research & Development : ₩192,956 Mil (TTM As of Dec. 2023)


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What is LG Energy Solution Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. LG Energy Solution's Research & Development for the three months ended in Dec. 2023 was ₩57,352 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was ₩192,956 Mil.

LG Energy Solution Research & Development Historical Data

The historical data trend for LG Energy Solution's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LG Energy Solution Research & Development Chart

LG Energy Solution Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Research & Development
4,101.00 106,942.00 134,804.00 192,956.00

LG Energy Solution Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41,637.00 36,606.00 52,673.00 46,325.00 57,352.00

LG Energy Solution Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩192,956 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

LG Energy Solution  (XKRX:373220) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

LG Energy Solution Research & Development Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Research & Development
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Traded in Other Exchanges
N/A
Address
Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR
Website
https://www.lgensol.com
LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, 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 Motors and Stellantis.

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