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SEOUL (Reuters) - Shares of South Korea's SK Innovation and LG Chem jumped on Monday after the battery makers agreed on a 2 trillion won ($1.8 billion) dispute settlement over EV battery technology, which analysts said freed them up to stay on top of battery developments from clients like Volkswagen.
Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter US trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.
(Fixes Volkswagen RIC in paragraph 4)
WASHINGTON (Reuters) - U.S. President Joe Biden faces a Sunday deadline to decide whether to intervene in a trade dispute between two South Korean electric vehicle battery makers that could impact a Georgia factory and his push for more electric vehicles.
Wisk Aero LLC, a maker of electric-powered aircraft designed for use as flying taxis, claims its technology was stolen by Archer Aviation Inc, a rival startup valued at US$3.8bil (RM15.68bil) in a blank-check deal earlier this year involving United Airlines Holdings Inc and investment banker Ken Moelis.
SEOUL (Reuters) - Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, moving away from the technology supplied under current deals with South Korea's LG Energy Solution and SK Innovation.
A Canadian judge has rejected a request from Huawei's chief financial officer Meng Wanzhou, who wanted testimony from employees of the Chinese telecom giant to be admitted as evidence in her fight against extradition to the United States.
Apple Inc sued a former employee who worked at the company for more than a decade, claiming he shared its trade secrets with a media contact in exchange for favourable coverage of a startup he invested in.
Special Report: Insider alleges Eli Lilly blocked her efforts to sound alarms about U.S. drug factory
(Reuters) - On a chilly spring morning in 2019, Amrit Mula arrived in her office at pharmaceutical giant Eli Lilly and Co’s factory in Branchburg, New Jersey, to find a desk drawer open that she had kept locked. Her files were missing.
China's Bitmain Technologies is being investigated over illegal talent poaching, reviving fears that Chinese companies will target Taiwan’s top engineers to build a world-class chipmaking industry.