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South Korean firms reach a deal that Biden calls a win for the ‘American auto industry’ Updated Apr 11, 2021; Posted Apr 11, 2021 FILE - This Oct. 26, 2017 file photo shows the corporate logo of LG Electronics in Goyang, South Korea. Two South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one of them to move ahead with plans to make batteries in Georgia. (AP Photo/Lee Jin-man, File)AP Facebook Share WASHINGTON — Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will al...

Https://youtu.be/NTb3SNtwTjg Associated Press: WASHINGTON (AP) — Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.”The agreement between…

LG and SK settle EV battery dispute 12-04-2021 25-08-2020 LG Energy Solution and SK Innovation have resolved a multibillion dollar trade secrets dispute over electric vehicle (EV) batteries, sidestepping a USITC decision that would have barred SK from importing its batteries into the US. In a joint statement from the two South Korean companies, LG and SK announced they will be dropping all litigation and have signed a non-assertion agreement covering the US or South Korea for the next ten years. As part of the agreement, SK will pay LG ₩2 trillion ($1.8 billion), comprising several lump-sum...

Apr 12, 2021 WASHINGTON (AP) — Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.” The agreement between LG Energy Solution and SK Innovation ended the need for Biden to intervene in a case closely watched for its implications on Biden’s clean-energy agenda, which includes a sharp increase in the number of electric vehicles as part of his plan to a...

SEOUL (dpa-AFX) - SK Innovation agreed to pay LG Energy Solution 2 trillion won or $1.8 billion to settle all legal disputes relating to electric-vehicle batteries in the United States and South