65.2 F
New York
Friday, May 14, 2021

-

Home News South Korea EV battery makers reach settlement in US trade dispute

South Korea EV battery makers reach settlement in US trade dispute

Document Analysis NLP IA

249
WORDS

WORDS
1:14
Reading Time

Reading Time
positive
sentiment

Sentiment0.11666666666667
objective
redaction

Subjectivity0.27843137254902
not certain if it's an affirmation
Affirmation0.22560975609756

Highlights

RELEVANT
FREQ, RAKE or TFIDF
Entity
ORG
Entity
PERSON
Entity
PRODUCT
Entity
OTHER
Key Concepts (and relevance score)

Summary (IA Generated)

South Korean electricvehicle 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 wouldwork 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.


131FansLike
3FollowersFollow
16FollowersFollow