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South Korean Electric Vehicle Battery Makers Reach $1 8B Deal To End Trade Dispute

Trade settlement clears way for more US electric vehicles

Washington believed to be behind LG-SK battery settlement

Biden calls settlement win for American workers and the American auto industry By Baek Byung-yeul LG Energy Solution (LGES) and SK Innovation (SKI) reached an eleventh-hour settlement over their protracted battery dispute, leaving U.S. President Joe Biden as the main beneficiary through his green economy drive, which aims to create more jobs by nurturing eco-friendly businesses, industry officials said Sunday. The two Korean EV battery makers said Sunday that they reached a settlement on the dispute over claims that SKI misappropriated LGES trade secrets. The settlement came a day before the deadline for Biden s veto of a U.S. International Trade Commission s (USITC) decision to ban SKI from importing some batteries into the U.S.

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