SEOUL, April 14 (Korea Bizwire) — LG Chem has suffered a legal blow in China, where its key battery patent has been invalidated amid a widening intellectual property battle with Chinese rival Longbai, escalating tensions in the global electric vehicle (EV) supply chain. According to industry sources, China’s National Intellectual Property Administration (CNIPA) recently ruled to [...]
SEOUL, April 11 (Korea Bizwire) — SK Innovation Co. agreed to pay 2 trillion won (US$1.78 billion) to settle an electric vehicle battery dispute with LG Energy Solution Ltd. and withdraw all their other pending litigations to end their two-year legal battle, the two companies said Sunday. The two Korean battery makers announced the results [...]
SEOUL, March 25 (Korea Bizwire) — LG Chem Ltd. will sternly handle the legal dispute with SK Innovation Co. to receive “reasonable” and “proportionate” compensation for the damage caused by the local rival’s trade secret misappropriation of its battery technology, its CEO said Thursday. Shin Hak-cheol, CEO of LG Chem, which wholly owns the battery [...]