SEOUL, March 11 (Korea Bizwire) — LG Energy Solution Ltd. and SK Innovation Co. — South Korea’s top two battery makers — have discussed ways to resolve a trade secret lawsuit in the United States, but they failed to narrow their differences over the amount of settlement, industry sources said Thursday. On Feb. 10, the [...]
SEOUL, March 5 (Korea Bizwire) — A U.S. trade panel has said SK Innovation Co. misappropriated trade secrets of its South Korean rival LG Energy Solution Ltd. for its development of electric vehicle (EV) batteries, in a decision that could jeopardize SK Innovation’s battery businesses in the United States. The U.S. International Trade Commission (ITC) [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will partner with LG Energy Solution Ltd. and a local taxi operator for a pilot battery lease program for electric taxis. The nation’s largest automaker and battery maker and KST Mobility, the operator of Macaron Taxi, signed a memorandum of understanding at Hyundai’s [...]
WASHINGTON/SEOUL, Feb. 10 (Korea Bizwire) — A U.S. trade panel on Wednesday ruled in favor of South Korean battery maker LG Energy Solution Ltd. in a trade secret case and issued a 10-year import ban on some lithium-ion battery products by SK Innovation Co. The U.S. International Trade Commission (ITC) affirmed a preliminary ruling delivered [...]
SEOUL, Jan. 29 (Korea Bizwire) — LG Energy Solution Ltd. has picked the lead managers for its listing on the Seoul bourse after a spin-off from its parent LG Chem Ltd., according to industry sources, which is expected to be one of this year’s mega IPO deals. The battery unit wholly owned by LG Chem [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL, a market research firm said Thursday. LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 [...]
WASHINGTON/SEOUL, Dec. 9 (Korea Bizwire) — A U.S. trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The U.S. International Trade Commission (ITC) postponed the final ruling slated for Dec. 10 without elaborating on [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]