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Ford, an American automaker, has intervened in an arbitration over LG Energy Solutions and SK Innovation, which are legally fighting over whether trade secrets for electric vehicle batteries are being infringed.
According to Reuters on the 12th (KST), Jim Parley Ford’s chief executive officer (CEO) tweeted that day: “The deal between the two companies that are suppliers (of electric vehicle batteries) is ultimately in the best interest of EE. US (electric vehicle)) manufacturers and workers. This converts, “he said.
On the 11th, the US International Trade Commission (ITC) raised LG’s hand in a lawsuit over the violation of trade secrets of rechargeable batteries by LG and SK. As SK Innovation infringed the trade secrets of LG Energy Solutions’ electric vehicle batteries, it issued an order to ban imports of battery raw materials and finished products for 10 years.
Ford and Volkswagen, which are supplied with SK batteries, have a grace period that allows imports for four and two years, respectively.
The guts of automakers are on fire. LG pressured SK to actively seek agreement on the ITC decision, but SK maintains its position that it expects US President Joe Biden’s veto to exercise its veto power, saying it will correct the ITC’s results.
However, President Biden’s usual emphasis on improving unfair business practices and protecting intellectual property rights, and he is unlikely to veto ITC’s dispute decisions on trade secret infringement disputes by foreign companies, not their own. Ford, which has become insecure about importing SK batteries, publicly expressed the view that the two LG-SK companies would conclude the dispute as soon as possible through an agreement.
The battery litigation battle between the two companies began in April 2019 when LG Energy Solutions (then LG Chem) filed a lawsuit against SK Innovation with the ITC and the Delaware District Court for “ trade secrets infringement ” . At the time, LG Energy Solution was due to the discovery of specific data that leaked many of LG Chem’s core technologies from 2017, when SK Innovation announced that it would be heavily boosting the rechargeable battery business.
SK Innovation said: “It is fortunate that ITC has granted a grace period for it to supply batteries to Ford and Volkswagen to protect SK Innovation customers.” I’ll do everything. ”Firstly, SK is betting on the results of the deliberation, but at the same time, it is in a rush to agree with LG.
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