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Home » U.S. ITC DELAYS DECISION ON LG CHEM, SK INNOVATION TRADE SECRET CASE

U.S. ITC DELAYS DECISION ON LG CHEM, SK INNOVATION TRADE SECRET CASE

(AGENPARL) – THE HAGUE (THE NETHERLANDS), mer 28 ottobre 2020 By David Shepardson and Heekyong Yang
WASHINGTON/SEOUL (Reuters) – The United States International Trade Commission (ITC) on Monday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem Ltd <051910.KS> and SK Innovation Co Ltd <096770.KS> to Dec. 10.
LG Chem, an EV battery supplier for Tesla Inc <TSLA.O> and General Motors Co <GM.N>, filed its trade complaints against SK Innovation in April 2019 in the United States over allegations of trade secret theft, seeking to block SK from producing battery cells in the United States and importing the components necessary to make the cells. SK denied wrongdoing.
An adverse ruling by the ITC could lead to the import ban of SK Innovation’s batteries and necessary components, potentially causing setbacks for Volkswagen <VOWG_p.DE> and Ford Motor <F.N> as they move to build new electric vehicles. The automakers have said the dispute between …

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Fonte/Source: https://datafloq.com/read/us-itc-delays-decision-lg-chem-sk-innovation-trade-secret-case/10333

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