Kia and its battery supplier SK Innovation will work together for the recycling of used electric vehicle (EV) batteries to secure valuable metals and reduce waste, the companies said Thursday.
SK IE Technology’s initial public offering has been priced at 105,000 won ($94), the high end of the range.
Hyundai Motor and Kia will collaborate with SK Innovation to codevelop batteries for their future hybrid electric vehicles.
Shares of SK Innovation jumped nearly 12 percent to close at 266,500 won ($237) on Monday after the company settled a battery trade secrets dispute with LG Energy Solution on Sunday.
LG Energy Solution and SK Innovation agreed to settle the high-profile battery trade secret dispute at 2 trillion won ($1.8 billion), putting an end to a 713-day
LG Energy Solution and SK Innovation have agreed to settle a trade secret dispute that has jeopardized SK’s entire battery operation in the United States, confirmed a spokesperson for SK.
Tension between SK Innovation and LG Energy Solution is rising ahead of the April 11 presidential review deadline on a trade secret dispute case related to electric vehicle (EV) battery technology at the U.S. International Trade Commission (ITC).
A joint venture between SK Group and Sinopec plans to start producing petrochemicals at its new facilities in Wuhan, China, in the second half of the year.
The U.S. International Trade Commission (ITC) ruled in favor of SK Innovation in a patent dispute with LG Energy Solution, throwing a spanner in a tussle between the two Korean battery makers that had been going LG Energy's way.
The U.S. International Trade Commission (ITC) ruled in favor of SK Innovation in a patent lawsuit with LG Energy Solution.