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Tech & Science bidets attaches battery dispute: Ski pays 1.8 billion dollars at LG

19:50  11 april  2021
19:50  11 april  2021 Source:   t3n.de

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LG Chem: Batteriefabrik in Polen. © LG Chem LG Chem: Battery factory in Poland.

The cell-ready SK Innovation (Ski) and LG Energy finish all legal proceedings in the US and South Korea for a period of ten years. This makes a potential battery shortage averted for the time being.

ski directs. Converted 1.8 billion US dollars pays skis in cash and in licenses at LG Energy Solutions - the freshly founded cell manufacturing subsidiary of LG Chem. LG had sued Ski 2019 due to theft of trade secrets and placed on the point of view, skiing LG technologies, without having the required rights.

LG sued Ski for unauthorized use of LG technology

Brisance developed the litigation mainly for the carmare Volkswagen and Ford. They had both extensive delivery agreements with ski closed. The issued by VW applies as the trigger of the dispute. Because for that LG had also applied. The placing of the order to the also from South Korea competitor ski did not want to accept LG simply.

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Since the beginning of 2019, ski builds on a 1.7 billion dollar expensive battery factory in the US state of Georgia. From there, ski wants to deliver batteries from the coming year to the VW plant in Chattanooga and Ford.

This planning had been massively endangered by the litigation, because the proof had shown quite clearly favorable LGS. That's why the USA (ITC's International Trading Commission (ITC) had last posted to the page of LG Energy. According to an ITC judgment, Ski was the import of components for the production of lithium-ion batteries in the US only allowed for a transitional phase. Thereafter, Ski components for Volkswagen would have been allowed to introduce for Ford for Ford for two years for two years.

Politics fears workplace loss and switches on an

Bonneval-sur-Arc, the nugget of the Alps

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VW and

Ford had therefore turned to politics and warned against a loss of jobs in Georgia and in the USA total. Thus they had encountered open ears at the governor of the US state, Brian Kemp. Kemp turned to the US President Joe Biden and asked him to lift the ITC judgment.

Biden had actually assumed the topic and set the dispute parties a deadline for a decision to Sunday evening. The US President had announced to make his own decision, no agreement should be announced until then. As

Reuters reports, the US government intervention should actually be the reason for the now announced out-of-court agreement in coordination with Volkswagen and Ford.

for US President Biden is the settlement of the dispute an important success. After all, he identified electromobility as a central theme of its transport policy. He wants to promote the production of electro-cars in the United States significantly. He wants to provide state aids in the amount of 174 billion dollars.

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The new commercial vehicle is based on the Citroen's diminutive Ami electric car, which measures in at a mere 2.4m long, 1.5m tall and 1.4m wide.The new commercial vehicle, called the My Ami Cargo, is based on the French firm's diminutive Ami electric car, which measures in at just 2.4 metres long, 1.5 metres tall and 1.4 metres wide - and has a range of 47 miles on a full charge.

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