US Commission returns LG in high-profile trade secret dispute

US Commission returns LG in high-profile trade secret dispute

Washington: An American trade panel has ruled in a trade secret case in favor of South Korean battery manufacturer LG Energy Solution Limited and issued a 10-year import ban on some lithium-ion battery products by SK Innovation Company.
The US International Trade Commission (ITC) confirmed a preliminary ruling given in February 2020 to back up LG’s claims that SK used stolen trade secrets to develop its electric vehicle (EV) batteries.
ITC on Wednesday issued “a limited exclusion order” for 10 years by SK Lithium to ban imports of certain lithium-ion batteries and its components, but for domestic production of its customers including Ford Motor, Volkswagen and Kia Permitted shipment of components, considering “public interest”.
Limited exclusion orders SK Innovation to import components for domestic production of lithium-ion battery products for the Ford Motor EV F-1500 program for four years and Volkswagen’s EV production line in North America for these third Allows the sides to allow for transition. New domestic suppliers, ITC said.
As the Yonhap news agency reported, it allows SK Innovation to import articles to repair and replace EV batteries for Kia vehicles that were sold to US customers and were originally equipped with SK batteries.
The final ruling is a massive blow to SK Innovations, which is building a factory in Georgia, to provide EV batteries to Volkswagen and Ford to complete by 2022.
It is also building its second plant in the site and has resolved to hire 2,600 people by 2024.
LG Energy Solutions, owned by LG Energy Limited, has accused SK of hiring its former engineers to gain sensitive information about LG’s battery technology.
Tesla, the world’s No. 2 EV battery manufacturer, supplies batteries to General Motors, Volkswagen, Hyundai Motor and many other automakers. It already produces batteries at a plant in Michigan and is building another factory in Ohio to supply its battery joint venture with GM.
The Biden administration has 60 days to review the ITC decision. It is final until Biden vetoes the ruling.
LG and SK have been placed in tit-for-tet battery patent infringement disputes filed in the US in 2019, with a verdict expected later this year.
– IANS
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