First reversal! SK does not infringe LG Energy Solution Battery Patent

Published: Apr 1, 2021 13:49
[reversal for the first time! SK does not infringe LG Energy Solution Battery Patent] according to foreign media reports, on March 31st, the US International Trade Commission (ITC) said that South Korean battery manufacturer SK Innovation did not infringe LG Energy Solution's battery-related patents. This is also the first time that LG Energy Solution, the chemical battery division of LG, has lost a series of legal disputes with SK.

According to foreign media reports, on March 31st, the US International Trade Commission ((ITC)) said that South Korean battery manufacturer SK Innovation did not infringe LG Energy Solution's battery-related patents. This is also the first time that LG Energy Solution, the chemical battery division of LG, has lost a series of legal disputes with SK.

"ITC's ruling is regrettable, but we respect its ruling," LG Energy Solution said in a statement. We plan to study the details of the preliminary ruling in the following process to better prove that our patent has been infringed. "

The Trade Commission is reviewing the preliminary ruling of Judge ITC and is expected to announce the final decision of the case on Aug. 2. In 2019, LG Energy Solution filed four patent infringement lawsuits against ITC against SK.

Meanwhile, SK and LG Energy Solution are embroiled in another legal dispute. In April 2019, LG Energy Solution accused SK of stealing its trade secrets in the United States. In February, the U.S. International Trade Commission ((ITC)) ruled in favor of LG Chemistry, imposing a 10-year ban on the import of SK lithium-ion batteries. However, if the two companies can reach an agreement, the court's decision will be invalidated.

LG Chemistry is a battery supplier to Tesla and General Motors; SK supplies electric vehicle batteries to automakers such as Volkswagen, Ford and Hyundai.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
4 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
4 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
4 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
4 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
4 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
4 hours ago