⁍ The United States International Trade Commission (ITC) on Monday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem and SK Innovation to Dec. 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.


⁍ 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.


– The US International Trade Commission has delayed a decision in a high-profile case involving South Korea’s LG Chem and SK Innovation. LG Chem, an EV battery supplier for Tesla and General Motors, filed its trade complaints against SK Innovation last year in the US over allegations of trade secret theft, seeking to block SK from producing battery cells in the US and importing the components necessary to make the cells, Reuters reports. SK Innovation denied wrongdoing. 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. “It is clear that this delay has resulted in a longer litigation process,” SK Innovation said in a statement, adding it “hopes that the two firms could make a wise decision to wash off uncertainties caused by prolonged litigation by ending this dispute promptly and to focus on businesses.” An analyst at Mertiz Securities says the delay could indicate the ITC “is facing difficulties making the final determination on the case, considering the impact it will bring to industrial issues in the United States including job issues.”



Source: https://www.reuters.com/article/lg-chem-sk-innovation-lawsuit/us-itc-delays-decision-on-lg-chem-sk-innovation-trade-secret-case-idUSKBN27C054