Battery Supplier Accused Of Stealing Trade Secrets Says It Can't Afford To Pay Demanded Royalties

The negotiations between SK Innovation and LG Chem's LG Energy Solution in a dispute over claims SK Innovation misappropriated trade secrets continue, however, there are no signs of agreement.

According to The Elec, SK Innovation said at its shareholders’ meeting that it cannot accept the demands made by LG, because the compensation would be too high to stay in the battery business in the US.