WASHINGTON – Ambassador Katherine Tai released the following statement after SK Innovation and LG Chem, Ltd. announced an agreement to settle their dispute before the United States International Trade Commission over certain lithium ion batteries and components used in electric vehicles.
“I congratulate both companies for working through their significant differences to resolve this dispute, which builds confidence in their reliability and responsibility as suppliers to the U.S. auto industry. After significant engagement with a range of stakeholders, we are in a stronger position to drive innovation and growth of clean energy technology envisioned in the American Jobs Plan while also respecting the rights of technology innovators at the heart of trade and manufacturing policy.
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