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2 South Korean firms reach US electric vehicle battery deal


2 South Korean firms reach US electric vehicle battery deal
FILE - This Oct. 26, 2017 file photo shows the corporate logo of LG Electronics in Goyang, South Korea. (Source: AP Photo/Lee Jin-man, File)
By Associated Press | April 11, 2021 at 8:09 AM CDT - Updated April 12 at 1:10 PM
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 the number of electric vehicles as part of his plan to address climate change. Biden had until Sunday night to make a decision, following a ruling in February by a ....

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Biden sees 'win' for US in electric vehicle battery deal


2 South Korean firms reach US electric vehicle battery deal
FILE - This Oct. 26, 2017 file photo shows the corporate logo of LG Electronics in Goyang, South Korea. (Source: AP Photo/Lee Jin-man, File)
By Associated Press | April 11, 2021 at 9:09 AM EDT - Updated April 12 at 2:10 PM
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 the number of electric vehicles as part of his plan to address climate change. Biden had until Sunday night to make a decision, following a ruling in February by a ....

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Indonesia says China consortium to invest US$5bil in electric battery venture

Indonesia's state-owned enterprises minister said on Saturday that a Chinese consortium would invest US$5 billion in an electric batteries venture, which would include China's Contemporary Amperex Technology (CATL). ....

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