LG Energy CEO says it can overtake China's CATL in EV battery market share

LG Energy CEO says it can overtake China's CATL in EV battery market share

The LG company logo is seen following an event during the annual Consumer Electronics Show (CES ) in Las Vegas, Nevada January 6, 2014. REUTERS/Robert Galbraith/Files

LG Energy Solution, the battery-making subsidiary of South Korea’s LG Chem, went public last Thursday and ended its first trading day with its stock 68% higher than the initial offering price and a market capitalization of around $97 billion.