Wishiwas
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https://www.cnet.com/roadshow/news/sk-innovation-lg-chem-battery-dispute-ford-volkswagen/
In May 2019, the US International Trade Commission voted to open an investigation into SK Innovation, a Korean battery supplier, based on allegations from competitor LG Chem that SK Innovation stole valuable trade secrets regarding electric-vehicle batteries. Now, the USITC has put out an official ruling, and it's not looking ideal for SK Innovation or the automakers who will rely on its components.
The USITC has handed SK Innovation a 10-year ban from importing EV battery components to the US, Bloomberg reports, citing the USITC website. Following further allegations that SK Innovation destroyed evidence that could help LG Chem prove its case, the USITC came to its decision just this week, closing an investigation that began nearly two years ago.
SK Innovation isn't being forced to stop work right away, though. The company has been given four years to continue importing components for the upcoming electric Ford F-150 variant, and it has been granted a two-year stay to do the same for Volkswagen's upcoming US-market EVs running on its MEB scalable electric-vehicle architecture.
In May 2019, the US International Trade Commission voted to open an investigation into SK Innovation, a Korean battery supplier, based on allegations from competitor LG Chem that SK Innovation stole valuable trade secrets regarding electric-vehicle batteries. Now, the USITC has put out an official ruling, and it's not looking ideal for SK Innovation or the automakers who will rely on its components.
The USITC has handed SK Innovation a 10-year ban from importing EV battery components to the US, Bloomberg reports, citing the USITC website. Following further allegations that SK Innovation destroyed evidence that could help LG Chem prove its case, the USITC came to its decision just this week, closing an investigation that began nearly two years ago.
SK Innovation isn't being forced to stop work right away, though. The company has been given four years to continue importing components for the upcoming electric Ford F-150 variant, and it has been granted a two-year stay to do the same for Volkswagen's upcoming US-market EVs running on its MEB scalable electric-vehicle architecture.
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