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LG, SK Reach $1.8 Billion Settlement to End EV Battery Spat Bloomberg 5 days ago Gabrielle Coppola, Susan Decker and Christoph Rauwald © Photographer: Krisztian Bocsi/Bloomberg An employee secures battery pack cable on a Volkswagen e-Golf electric automobile. (Bloomberg) -- Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. Popular Searches SK Innovation Co. agre...

(Bloomberg) -- Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two companies. The payment...

Apr 13 2021, 6:10 AM April 10 2021, 9:53 PM April 13 2021, 6:10 AM (Bloomberg) -- Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. (Bloomberg) -- Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic bl...

The companies had no immediate comment. The U.S. International Trade Commission had issued the import ban Feb. 10 based on what it called an “extraordinary” effort by SK Innovation to destroy evidence in a trade-secret case lodged by fellow South Korean rival LG Chem Ltd.’s LG Energy Solution Co. unit. The ITC did carve out time to let SK Innovation import components for batteries to be assembled in Georgia for Ford and Volkswagen vehicles. The ban was scheduled to take effect April 11, unless President Joe Biden overturned it on public policy grounds. South Korea government officials a...

On March 31, 2021, ALJ Dee Lord issued a notice of initial determination ("ID") in  Certain Lithium-Ion Battery Cells, Battery Modules, Battery Packs, Components Thereof, and Products Containing the Same (Inv. No. 337-TA-1181). According to the notice, the ALJ found no violation of section 337. By way of background, this investigation was instituted on October 29, 2019 based on a complaint filed by LG Chem, Ltd. of the Republic of Korea; LG Chem Michigan Inc. of Holland, Michigan; and Toray Industries, lnc. of Japan alleging violation of section 337 by Respondents SK Innovation Co., Ltd. ...