Harley Lover Posted April 11, 2021 Share Posted April 11, 2021 Good news for Ford (and the F 150 EV) and VW in Chattanooga: SK Innovation, which is building a $2.6 billion factory near Commerce to make electric vehicle batteries, reached a settlement on Saturday with a rival that had accused it of stealing trade secrets. The company agreed to pay $1.8 billion in cash and royalties to the rival, LG Energy Solution, to settle the dispute and agreed to “work to help the development of EV battery industry in South Korea and the U.S. through healthy competition and friendly cooperation,” according to a joint statement from the companies early Sunday. https://www.wsbtv.com/news/local/dispute-over-multi-billion-dollar-battery-plant-commerce-gets-resolved/PP6VF4RZ2BBOXD5MBUDASJ65CU/ 2 Quote Link to comment Share on other sites More sharing options...
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