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LG Energy Solution announced it will take a firm stance against companies that are infringing its battery patents. The South Korean battery maker said on Wednesday, April 24, that it will launch a new business for licensing its battery technologies to combat tech infringement cases.
Strategy to Stop Illegal Use of LGES Technologies
As per Reuters, LG Energy Solution will start its battery licensing business next month. The company hopes this new business model will quash the surge in patent infringement amid the stiff competition among battery suppliers for electric vehicle productions.
LGES will also issue warnings and notices once it detects any illegal use of its battery patents. The company will lodge complaints in court against groups suspected of patent infringement.
"LG Energy Solution is the 'original innovator' in the global battery industry, and we have pioneered the global market through continuous technological development and breakthrough innovations since the inception of the industry," LGES’ head of IP Center, Han Sun Lee, said in a press release.
He added, "To safeguard our technological leadership and promote collective growth in the industry, we will commit ourselves to establishing a fair patent licensing system and take strict measures against unlawful infringements."
Infringement Cases on the Rise in the Industry
LG Energy Solution supplies its batteries to major car brands, including General Motors, Tesla, Volkswagen, and others. However, some companies do not have any agreement with LG Energy Solution but are using the technologies, which is an obvious breach of LGES’ IPs.
Seoul Economic Daily reported that among the patents owned by LG Energy Solution, competitors have infringed or are expected to infringe around 1,000 patents. As of now, the confirmed number of infringed patents already reached 580.
“Many cases of infringement on LG Energy Solution’s unique technology have been discovered in competitors’ products sold on the market, ranging from small batteries for IT devices to medium to large batteries for electric vehicles,” LGES said. Meanwhile, one of the leading causes of battery infringement incidents is the rapid growth of the global battery market.
Photo by: LG Energy Solution Website
