# Who are LG Chem's customers? Who does LG Chem earn revenue from?
Canonical: https://valuechain.wiki/lg-chem · Facet: customers · Updated: 2026-09-24T12:56:02.112002+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: LG Chem's confirmed revenue counterparties include General Motors (양극재), LG Electronics (resin supply), 파나소닉 (양극재, 미국) plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 9 dated sources, 3 of them primary filings (as of 2026-09-24).

### General Motors (양극재) (high)  → /general-motors.md
- metric: contract ₩24.7T · 2024.02.07~2035.12.31 양극재
- note: Long-term EV cathode supply contract of ₩24.75T (Feb 2024–Dec 2035) to GM/Ultium.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313001195: "Counterparty: General Motors; long-term EV cathode supply contract, 2024.02.07–2035.12.31; total ₩24,749,237,818,187; deliveries and payment scheduled from 2026 onward."
- [mentions] NH Investment & Securities (via AlphaBiz) (KO, research, published 2026-02-05) https://m.alphabiz.co.kr/news/amp.html?ncode=1065570157717453: "NH Investment keeps a Buy rating citing a cathode-materials turnaround despite petrochemical weakness, with a KRW 420,000 target."
- [confirms] LG (KO, ir, published 2022-07-26) https://www.lg.co.kr/media/release/27323: "LG Chem to supply GM with at least KRW 24.75tn of cathodes through 2035."

### Toyota (양극재) (high)
- metric: contract ₩2.9T · 2023.10.06~2030.12.31 양극재
- note: Long-term EV cathode supply contract of ₩2.86T (Oct 2023–Dec 2030) to Toyota North America.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313001195: "Counterparty: Toyota Motor Engineering & Manufacturing North America; long-term EV cathode supply contract, 2023.10.06–2030.12.31; total ₩2,861,610,943,827."

### LG전자 (수지 공급) (high)  → /lg-electronics.md
- metric: Amount ₩951.2B · FY2025 LG전자향 Resin
- note: Supplies resins for LG Electronics' appliance moldings — ~KRW 951.2bn of affiliated materials revenue in FY2025.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313000662: "LG Chem is LG Electronics' HS+ES resin supplier"

### 파나소닉 (양극재, 미국) (mid)  → /panasonic-energy.md
- metric: contract ₩3.8T · 2025.11.15~2029.07.31 양극재
- note: US-bound long-term EV cathode supply contract of ₩3.76T (Nov 2025–Jul 2029). Counterparty withheld in the filing; media identify it as Panasonic (cathode ultimately for Tesla).
- [confirms] The Korea Economic Daily (KED Global) (EN, news, published 2025-11-14) https://www.kedglobal.com/batteries/newsView/ked202511140002: "LG Chem signed a ₩3.76 trillion (about $2.6 billion) EV cathode supply deal with a US client; sources said the buyer is Japan's Panasonic, with the cathode likely destined for Tesla batteries."
- [mentions] The Korea Herald (EN, news, published 2025-11-14) https://www.koreaherald.com/article/10615772: "LG Chem will ship about 100,000 tons of Korea-made cathodes (enough for ~760,000 EVs) to the US from Nov 15, 2025 to Jul 31, 2029; the customer was not named."
- [confirms] DART (FSS) (KO, filing, published 2025-11-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20251113800665: "Contract: long-term EV cathode supply; ₩3,761,948,654,400 (7.69% of latest revenue); region United States; term 2025-11-15 to 2029-07-31; counterparty withheld until 2032-07-31 for business confidentiality."

### 에디슨 인터내셔널 (mid)  → /edison-international.md
- note: LG Chem supplied lithium-ion batteries for SCE's Tehachapi wind-area energy storage demonstration, with a disclosed project scope of 32 MWh, while the counterparty-specific contract value was not disclosed.
- [confirms] U.S. Department of Energy Office of Scientific and Technical Information (EN, research, published 2017-03-31) https://www.osti.gov/servlets/purl/1349233: "SCE contracted with LG Chem to design, construct, and maintain the system for a two-year measurement and validation period."
- [confirms] Yonhap News Agency (KO, news, published 2013-05-29) https://www.yna.co.kr/view/AKR20130529073500003: "LG Chem said it would supply lithium-ion batteries for SCE's 32 MWh energy storage demonstration."

Reverse side: https://valuechain.wiki/lg-chem/suppliers.md · Ripple: https://valuechain.wiki/lg-chem/ripple.md

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Full node: https://valuechain.wiki/lg-chem.md · JSON: https://valuechain.wiki/lg-chem.json