LG Energy Solution to license out battery patents to block tech infringement, exec says
LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company's patents surge with competition to supply electric vehicle makers. LGES, the world's second-largest EV battery producer after China's CATL, will also consider issuing warning notices or suing those it suspects are infringing its patents, Lee Han Sun, head of LGES' intellectual property center, said in an interview. "Over the past two or three years, myriads of latecomers have sprung up in the EV battery sector globally, resulting in the spread of a price war and patent infringements," Lee said.
