LG, SK Reach $1.8-Billion Settlement to End Spat Over Electric Vehicle Battery Technology

Shares of South Korea's SK Innovation and LG Chem jumped after the battery makers agreed on a KRW 2-trillion (roughly $1.8 billion/ Rs. 13,330 crore) dispute settlement over EV battery technology, that analysts said freed them up to stay on top of battery developments from clients like Volkswagen.

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