LG Energy Solution's stock is strong during trading on the 24th. It is interpreted that the buying interest has surged due to news that LG Energy Solution won a patent infringement lawsuit against the Chinese battery manufacturer Xinhua Da concerning battery structure.
As of 2:13 p.m. that day, LG Energy Solution is trading at 364,000 won, an increase of 27,500 won (8.17%) compared to the previous trading day.
That day, Tulip Innovation, a patent management firm, noted that LG Energy Solution won a lawsuit related to battery electrodes and separator technology held in Germany on the 17th. The German court determined that Xinhua Da's prismatic battery installed in the electric vehicle 'Dacia Spring' infringed on LG Energy Solution's core lithium-ion battery patents.
The patent in question pertains to 'electrode assembly structure' and is LG Energy Solution's proprietary technology designed to securely bond the electrode layers using a coated separator.
The court ordered Xinhua Da to cease the sale of batteries incorporating the relevant technology in Germany, retrieve and dispose of remaining products, and also mandated the submission of related accounting documents and compensation for damages. This ruling takes immediate effect, but Xinhua Da can appeal.
As a result, LG Energy Solution has recorded three consecutive victories in its patent disputes with Xinhua Da.