ended the need for Biden to intervene in a case closely watched for its implications on Biden’s clean-energy agenda, which includes a sharp increase in the number of electric vehicles as part of his plan to address climate change. Biden had until Sunday night to make a decision, following aThe companies said in a joint statement that SK will provide LG Energy with a total of $1.8 billion and an undisclosed royalty.
The U.S. International Trade Commission had decided in February that SK stole 22 trade secrets from LG Energy, and that SK should be barred from importing, making or selling batteries in the United States for 10 years. The commission said SK could supply batteries to Ford Motor Co. for four years and to Volkswagen AG for two years. The decision had jeopardized a $2.6 billion battery factory that SK is building in Commerce, Georgia.
But I thought we were boycotting Georgia? I can’t keep up anymore
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