FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul
WASHINGTON (Reuters) – South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said.
The Biden administration through the U.S. Trade Representative’s Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal. An announcement of the battery makers’ settlement is expected by Sunday, the sources said.
South Korean battery makers agree last-minute deal in boost to Biden s EV policy
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Korean battery firms set to announce deal to resolve U S trade dispute - sources
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South Korean battery makers agree last-minute deal in boost to Biden s EV policy
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South Korean battery makers agree last-minute deal in boost to Biden s EV policy
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