ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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

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.

Here are five things to know about the deal, announced Sunday, and its impact on the Biden administration's clean energy policy and the fast-growing EV battery industry.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more