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LG, SK reach US$1.8B settlement to end EV battery spat Gabrielle Coppola, Susan Decker and Christoph Rauwald, Bloomberg News An employee secures battery pack cable on a Volkswagen e-Golf electric automobile. Photographer: Krisztian Bocsi/Bloomberg , Photographer: Krisztian Bocsi/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 a...

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 is divided equally in cash and royalties, they said. Shares of SK Innovation surged as much as 18% in early Seoul, and was trading while LG Chem gained as much as 4%...

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...