Breaking News LG Energy Solution wins battery lawsuit against SK Innovation

US International Trade Commission (ITC) Actually gave LG’s hand in a lawsuit between LG Energy Solution (formerly LG Chem’s battery business unit) and SK Innovation for “infringing trade secrets” for electric vehicle batteries.

ITC through the website on the 11th SKSome of Innovation’s lithium-ion batteries 10It has announced that it will completely ban production and imports from the United States for years.

This lawsuit LGChemistry 2019April SKAgainst innovation ITCIt started by filing on. Electric vehicle battery called’second semiconductor’ 3rd and 4th place in the business world SKWow LG for 2 years He opened a fierce battle.

LGChemistry is SKAgainst Innovation, claiming that it violated its battery trade secrets. ITCFiled a complaint. LGChemistry is SKIn the process of recruiting its core personnel, Innovation claimed that battery core trade secrets were leaked. ITCFebruary last year SK I made an early loss decision (preliminary decision), SKAt the request of the company, a full review decision was made in April.

Prior to the final ruling, it was predicted that the two companies would try to reach an agreement, but disagreements on the amount of the settlement money broke down.

Eventually, as LG won, SK has a big setback in the battery business. In the future, the import ban on battery cells, modules, packs, parts and materials in the United States will take effect, making US businesses virtually impossible, including battery factories under construction in Georgia.

But SKIf innovation’s U.S. business is disrupted, the possibility of U.S. President Joe Biden’s veto exercise is also discussed, as automakers such as Ford and Volkswagen are striking one after another and negatively affecting the economy, such as jobs in the United States.

US President ITCAbout the final decision 60You can exercise your veto within days. However, there are many prospects that the administration’s intervention in intellectual property disputes will be difficult.

ITC Since the lawsuit is a civil lawsuit, the results of the lawsuit can be immediately reversed if the two companies agree even after the final decision. However, with this loss, SK is in a more unfavorable position and has to hurry to an agreement.

Reporter Mansoo Choi [email protected]

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