US International Trade Commission backs SK in battery patent suit over LG
Posted : 2021-04-01 14:18
Yonhap
The U.S. International Trade Commission (ITC) on Thursday made a preliminary ruling in favor of SK Innovation Co. in a patent suit with LG Energy Solution Ltd., the latest twist in the bitter dispute between the two Korean battery makers.
The ITC said in an initial determination that SK Innovation didn t infringe upon four U.S. patents on lithium-ion battery technology claimed by LG Energy Solution.
LG Chem Ltd., which owns LG Energy Solution, in April 2019 filed a trade secret suit with the U.S. trade panel against SK Innovation, and five months later, lodged a separate patent infringement suit against its smaller rival over the battery technology.
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SEOUL The U.S. trade watchdog cleared South Korean battery company SK Innovation Co. of violating rival LG Energy Solution s patents in a preliminary ruling, sending SK shares surging 15 percent on Thursday.
The initial determination by the U.S. International Trade Commission marks the first time LG Energy Solution has received a negative determination from the trade panel for one of its several legal disputes with SK in the United States. The ITC s decision is regrettable, but we respect its decision, the wholly-owned battery division of LG Chem said in a statement. The company, whose clients include Tesla Inc., General Motors and Hyundai Motor Co., had filed a claim citing four patent infringements to the ITC in 2019.
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SEOUL The U.S. International Trade Commission (ITC) said on Wednesday South Korean battery company SK Innovation Co Ltd did not violate rival LG Energy Solution’s battery-related patents.
The initial determination by the ITC marks the first time LG Chem’s wholly-owned battery division LG Energy Solution has received a negative initial determination from the trade panel for one of its several legal disputes with SK.
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“The ITC’s decision is regrettable, but we respect its decision. With remaining procedures, we plan to study the details of the initial ruling to better prove infringement of our patents,” LG Energy Solution said in a statement.
U S trade commission says SK Innovation didn t infringe LG Energy s EV patents autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.