[서울=뉴스핌] Reporter Yoonae Lee = Amid the imminent decision of the US International Trade Commission (ITC) on a lawsuit against LG Energy Solutions and SK Innovation’s infringement of electric vehicle battery trade secrets, local media are also on the brink.
This is because the ITC’s final decision will have a significant impact on the US industry. According to the results of the lawsuit, local media analyzed that “President Joe Biden’s electric vehicle policy was put to the test for the first time.”
Bloomberg reported on the 9th (local time), “If ITC takes the side of LG, this could hamper the production of electric vehicles in the United States.” I can make it,” he reported.
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| [서울=뉴스핌] Reporter Yoonae Lee = SK Innovation is building an electric vehicle battery plant in Commerce City, Jackson County, Georgia. [제공=SK이노베이션] 2020.01.16 [email protected] |
He added, “If SK Innovation loses, we will hope for President Biden’s refusal to ban imports. In the past 30 years, the US President has only rejected the ITC decision once.”
Bloomberg was concerned about the impact on the US economy if SK Innovation is cited for its early loss and an executive order to ban imports is issued to SK Innovation.
“SK will start producing batteries at the end of 2021 and employ 2,600 employees by 2024,” Bloomberg said. “I did.”
However, if SK Innovation is issued an administrative order to ban imports, imports of battery-related parts into the United States will be completely banned. The disruption in electric vehicle production by Volkswagen and Ford, which are scheduled to receive SK Innovation’s batteries, will also be inevitable.
HuffPost analyzed that the two companies’ lawsuits will affect President Biden’s policies.
“Although President Biden has promised to convert all of the federal government’s public vehicles to electric vehicles, a dispute between the two battery manufacturers in South Korea could destroy the new government’s plans,” Huffpost reported. “This feud could also cause political damage in that Biden’s victory in Georgia and many of his party senators supported the defendant’s major new manufacturing plant.”
Furthermore, he pointed out that the’battery boom’ may not occur due to delays in the supply of electric vehicles due to a shortage of batteries in the US
ITC will make a final decision on a lawsuit for infringement of trade secrets filed by LG Energy Solutions against SK Innovation on the 10th (local time). In Korean time, it is expected to be late on the 10th or early on the 11th.