Delivering negative impact to US battery factories
SK Innovation requested the White House to intervene in the electric vehicle (EV) battery dispute with LG Energy Solutions.
On the 1st (local time), the Wall Street Journal (WSJ) announced that last week’s decision by the U.S. International Trade Commission (ITC), which issued SK Innovation’s ’10 years to ban imports from the U.S.’ It was reported that it had passed on to the White House. It seems that the intention is to ask the president to veto the final decision of the ITC.
The Wall Street Journal said that LG Energy Solutions also met with Biden’s administration officials and said that ITC’s decision should not be reversed.
Currently, the two companies’ lawsuits have been transferred to the jurisdiction of the U.S. Trade Representative (USTR). The USTR is an ITC’s top organization and is a process that goes through the process of reviewing the exercise of the veto. It seems that LG Energy Solution and SK Innovation are making various moves to actively explain their positions. Requests for White House intervention are also interpreted as part of this activity.
On February 10, the US ITC made a final decision on the lawsuit for infringement of electric vehicle battery trade secrets by LG Energy Solutions and SK Innovation. SK Innovation made a decision to completely ban production and imports from the United States for 10 years.
ITC decisions will take effect if the President of the United States does not veto within 60 days. Until now, there has never been a single presidential veto over infringement of trade secrets.
If the two companies do not agree before April 11, the deadline for exercising the president’s veto, they will face another in Delaware. A trial for infringement of trade secrets filed in the Delaware District Court in April of last year is expected to proceed.
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