Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
South Korean electric–vehicle battery makers SK Innovation and LG Energy Solution have reached a settlment in a US trade dispute, Bloomberg reported.
In a joint statement the companies said they would “work to help the development of EV battery industry in South Korea and the US.
The settlement will prevent an import ban on SK Innovation batteries into the US, which would have been problematic for the Biden administration.
“This settlement agreement is a win for American workers and the American auto industry,” President Biden said in a statement Sunday.