LG Energy Solution ends patent dispute with China’s Sunwoda through licensing deal

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• ·LG Energy Solution's plant in Holland, Michigan (LG Energy Solution) LG Energy Solution has effectively ended a two-year legal dispute with Chinese battery-maker Sunwoda through a patent licensing agreement covering the South Korean battery-maker’s lithium-ion technologies.
• ·Tulip Innovation, which manages and licenses lithium-ion battery patents on behalf of LG Energy Solution and Japan’s Panasonic Energy, announced Thursday that it had reached a licensing deal with Sunwoda.
• ·Under the agreement, the parties will withdraw all ongoing legal actions in Germany, China and South Korea.
• ·The deal also resolves patent-related issues concerning Sunwoda and its customers’ use of LG Energy Solution and Panasonic Energy’s battery technologies.
• ·The companies did not disclose financial terms of the agreement, saying all conditions would remain confidential.