The Joe Biden administration is determined to replace most of the country’s gas and diesel-powered vehicles with zero-emission electric vehicles (“EVs”), and recent developments in the battery-making space have brought the country a step closer to its goal. Two battery makers from South Korea — SK Innovation and LG Energy — had been involved in a feud that would have had lasting consequences on the American electric vehicle industry. However, the two companies recently announced that they have reached a settlement, a move President Joe Biden says is a big win for the United States.
In February this year, the International Trade Center (“ITC”) passed a ruling that SK Innovation had stolen trade secrets belonging to LG Energy Solutions regarding its EV battery technology. As per the ITC’s ruling, the United States government was ordered to bar SK Innovation from importing raw materials for its battery-making operations. At that time, SK Innovation had been constructing…
NOTE TO INVESTORS: The latest news and updates relating to ev Transportation Services Inc. are available in the company’s newsroom at https://ibn.fm/EVTS
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenCarStocks.com
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Green Car Stocks
San Francisco, California
www.GreenCarStocks.com
415.949.5050 Office
[email protected]
Green Car Stocks is part of the InvestorBrandNetwork.