WASHINGTON/SEOUL (Reuters) – The United States International Trade Commission (ITC) on Wednesday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem and SK Innovation to Feb. 10.
LG Chem, an EV battery supplier for Tesla and General Motors, filed its trade complaints against SK Innovation last year 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. The decision had been expected on Thursday.
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 and Ford Motor as they move to build new electric vehicles.
(Reporting by David Shepardson and Heekyong Yang; Editing by Chris Reese)
