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Biden set to charge ahead with EV investments after IP case settled

China 2820 Cons. Discr. - Autos 1074 Energy - Renewables 157 Info Tech - Tech Hardware 707 South Korea 538 Tariffs 1741 U.S. 5046

SK Innovation and LG Chem have settled their intellectual property dispute over large lithium ion batteries. That came with help from the Biden administration and as a result of SK Innovation making a payment to LG Chem. The settlement reduces the supply chain risks for Ford and VW. It will also facilitate the Biden administration’s proposed infrastructure bill which includes spending on electric vehicle infrastructure and the onshoring of manufacturing of batteries. U.S. imports of automotive lithium-ion batteries jumped 210% year over year in the three months to Feb. 28. That was led b...

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