LG Energy Solution plans to launch a battery technology licensing model in response to patent infringements.
LG Energy Solution, the world's second-largest EV battery producer, plans to launch a new business model of licensing out its battery technologies next month, amidst a surge in patent infringements. The company, which has over 580 patents infringed, will consider issuing warning notices or suing suspected offenders. LGES aims to lead the establishment of a battery patent licensing market through the creation of a global patent pool.
April 23, 2024
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