The US International Trade Commission has imposed a 10-year ban on SK Innovation for the importation, domestic production, and sale of electric vehicle batteries within the US because of intellectual property theft from rival LG Chem. It is a tough sentence, but perhaps unsurprising given the context of the global push to electrification.
There have been suggestions of a potential voluntary settlement between the two parties, presumably a financial sum for damages and legal costs which could run into the billions. However, quashing the US International Trade Commission (ITC) ruling would then require LG Energy Solution, the battery division of LG Chem, to withdraw its original appeal.
The battle between these two South Korean heavyweights was highly likely. LG Energy Solution is currently the number-one global player in EV batteries with 81 gigawatt hours (GWh) of global yearly capacity, with SK Innovation (SKI) the number five player at 42 GWh (though its actual output is lower).
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
Automakers explore ways to cut costs by up to 50% to make EVs affordable, embracing advanced manufacturing, automation, and collaboration to scale up sustainable mobility
Hexagon’s new eBook offers five breakthroughs to increase quality and lower cost in electric vehicle battery production.
BorgWarner shares insights into how the company is leveraging existing assets and using mergers and acquisitions to boost EV component production.
