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Technology

South Korea EV battery war ends in peace deal: 5 things to know

LG Energy Solution and SK Innovation reach $1.8 billion settlement with US push

South Korean electric battery manufacturers LG Energy Solution and SK Innovation battled for two years over electric vehicle batteries in the U.S. before reaching a $1.8 billion settlement.   © Reuters
KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- South Korea's LG Energy Solution and SK Innovation reached a last-minute $1.8 billion settlement over the weekend to end their two-year legal dispute over electric vehicle batteries in the U.S.

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