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Top News In இரண்டு தெற்கு கொரியன் Today - Breaking & Trending Today

Two Korean firms end electric car battery row, averting US ban

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%. The deal is a “major positive” for SK Innovation, Morgan Stanley analysts said in a note to clients. ....

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Korean battery makers agree to last-minute deal in boost to Biden's EV policy

SK Innovation agreed to settle with its Seoul-based rival LG Energy, a unit of LG Chem Ltd., to avert a 10-year import ban of its batteries into the U.S. Details of the settlement haven’t been disclosed but an announcement was expected by Sunday. ....

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2 Korean Battery Makers Settle Dispute That Threatened Biden's Green Agenda

The settlement between LG Energy Solution and SK Innovation ensures that a battery plant in Georgia will go forward without hampering electric vehicle production. ....

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LG, SK reach $1.8-billion settlement to end electric-vehicle battery spat

LG, SK reach $1.8-billion settlement to end electric-vehicle battery spat
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Schikking Zuid-Koreaanse accubouwers verlost Biden van dilemma – Wel.nl

Schikking Zuid-Koreaanse accubouwers verlost Biden van dilemma – Wel.nl
welingelichtekringen.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from welingelichtekringen.nl Daily Mail and Mail on Sunday newspapers.

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