EV-battery maker SK Innovation’s shares surge after settlement with rival brightens U.S. prospects Heekyong Yang and Joyce Lee SEOUL Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Kim Hong-Ji/Reuters
Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/shares-in-sk-innovation/"></div>SEOUL (Reuters) -Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority. SK Innovation agreed to pay its rival, an LG Chem Ltd […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/shares-in-sk-innovation/"></div><! AddThis Share Buttons gene
US ITC says SK Innovation didn t infringe on LG Energy Solution patents Toggle share menu
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US ITC says SK Innovation didn t infringe on LG Energy Solution patents 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.
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo
01 Apr 2021 09:25AM Share this content
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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.
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SEOUL (Reuters) -The U.S. trade watchdog cleared South Korean battery company SK Innovation Co Ltd of violating rival LG Energy Solution’s patents in a preliminary ruling, sending SK shares surging 15% on Thursday.
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo
The initial determination by the U.S. International Trade Commission (ITC) 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.
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