🎯 LG Chem files lawsuit against unit of China's Ronbay over battery tech
SEOUL, Oct 23 (Reuters) - South Korea's LG Chem (051910.KS) announced on Wednesday that it has filed a patent infringement lawsuit in a Seoul court against the South Korean subsidiary of Chinese battery materials manufacturer Ningbo Ronbay New Energy Technology (688005.SS).
In a statement, LG Chem, a supplier of materials for electric vehicle (EV) batteries, reported that testing of samples revealed Ronbay and its subsidiary are importing, manufacturing, and selling products that violate LG Chem's patents.
The patents cover technologies that enhance the capacity and power of high-nickel cathode materials, as well as stability at elevated temperatures, LG Chem stated. The company added that Ronbay repeatedly failed to engage in proposed settlement discussions.
With competition in the EV battery market intensifying, LG Chem has "decided to actively enforce its patent rights," it said. Ronbay has not yet responded to a request for comment.
In April, LG Chem's battery manufacturing affiliate, LG Energy Solution (373220.KS), informed Reuters that it may intensify efforts to protect its patents, as patent infringements rise amid growing competition to supply electric vehicle manufacturers.
Contact Us DC: +1 (202) 666-8377 MD: +1 (240) 477-6361 FL +1 (239) 292–6789 Website: https://www.ipconsultinggroups.com/ Mail: [email protected] Headquarters: 9009 Shady Grove Ct. Gaithersburg, MD 20877 Branch Office: 7734 16th St, NW Washington DC 20012 Branch Office: Vanderbilt Dr, Bonita Spring, FL 34134