SEOUL — A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle (EV) battery maker LG Chem, which had accused crosstown rival SK Innovation of misappropriating trade tricks, the organizations stated on Sunday.
LG Chem and SK Innovation have hit every other with U.S. lawsuits for thefts of trade secrets and techniques and patent infringements in a bitter row that threatens to disrupt the launches of EVs by some of the world’s biggest carmakers.
The so-referred to as default judgment by the U.S. Global Trade Fee (ITC) could likely indicate SK Innovation, as sought by LG Chem, simply cannot import some battery products, elements and materials it may perhaps need to supply its U.S. factories for Volkswagen and Ford.
The ITC is set to make a ultimate ruling in the scenario on Oct. 5, LG Chem reported in a statement.
In a assertion, SK Innovation expressed “regret” at the ruling which it claimed “had not completely acknowledged arguments from SK Innovation.”
“SK Innovation programs to current objections according to recommended lawful proceedings soon after examining the courtroom conclusion.”
Aspects of the ruling are anticipated be available in the coming times.
SK Innovation is creating a almost $1.7 billion battery manufacturing unit in Georgia to serve Volkswagen’s EV manufacturing facility in neighboring Tennessee, with output established to start in 2022. The battery maker is also thinking about another manufacturing unit in Georgia potentially giving Ford’s electrical pickup trucks.
SK Innovation now helps make batteries for the Kia Niro electric crossovers, which are created in Korea and exported to the United States.
Automakers are scrambling to lock in supplies of batteries, which are the most highly-priced and essential section of EVs, to satisfy ever more stringent emissions guidelines and rising client desire.