LG is very important partner for LTR and it's already the largest battery manufacturer of the western world. LG is also a technology leader in its fields, and LG takes everything very seriously.
A court in Munich ruled in favour of a case brought forward by Tulip Innovation Kft, a Hungarian licensing agent representing LGES and Panasonic Energy Company, stating that Sunwoda has infringed on two key patents related to lithium-ion battery separator technologies. The court granted a request for a preliminary injunction to ban the sale of Sunwoda batteries in Germany.
Tulip claimed the court’s rulings “appear” to be the first injunctions filed in Germany in relation to EV batteries, adding that “they show that there is no ‘free riding’ for battery manufacturers on the technology invented by the innovation leaders in the field, including LG Energy Solution and Panasonic Energy.”
LTR Price at posting:
64.3¢ Sentiment: Hold Disclosure: Held
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