Totally banned SK batteries from US production and import
Grace period granted to customers Ford and Volkswagen
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US International Trade Commission (ITC) Raised LG’s hand in a lawsuit between LG Energy Solution (formerly LG Chem’s battery business unit) and SK Innovation for’infringement of trade secrets for electric vehicle batteries’
ITC through the website on the 11th SKSome of Innovation’s lithium-ion batteries 10It announced that it would completely ban production and imports from the United States for a year.
This lawsuit LGChemistry 2019April SKAgainst innovation ITCIt started by filing on. Electric vehicle battery called’second semiconductor’ 3rd and 4th place in business SKWow LG for 2 years He opened a fierce battle.
LGChemistry is SKAgainst Innovation, claiming that it violated its battery trade secrets. ITCFiled a complaint. LGChemistry is SKIn the process of recruiting its core personnel, Innovation claimed that battery core trade secrets were leaked. ITCFebruary last year SK I made an early loss decision (preliminary decision), SKAt the request of the company, a full review decision was made in April.
Prior to the final ruling, it was predicted that the two companies would try to reach an agreement, but disagreements on the amount of the settlement money broke down.
Eventually, as LG won, SK has a big setback in the battery business. In the future, the import ban on battery cells, modules, packs, parts and materials in the United States will take effect, making US businesses virtually impossible, including battery factories under construction in Georgia.
However, ITC has granted a grace period of four and two years, respectively, so that SK can supply batteries to Ford and Volkswagen. Ford and Volkswagen have to find battery suppliers other than SK.
SK Innovation said, “It is regrettable that this ITC decision has not been substantially disclosed that the infringement of trade secrets, the issue of the lawsuit,” An official from SK Innovation said, “Through the remaining procedures to ensure that there is no disruption in battery production in the United States, SK batteries of high safety quality and the Georgia plant in the United States will play an essential and key role in the eco-friendly automobile industry that the US government is strongly promoting. “We plan to focus on the impact on public interests, such as being able to create thousands of decent jobs.”
ITC Since the lawsuit is a civil lawsuit, the results of the lawsuit can be immediately reversed if the two companies agree even after the final decision. However, with this loss, SK is in a more unfavorable position and has to hurry to an agreement. Reporter Mansoo Choi [email protected]
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