LG and SK are Korean companies, all new energy car battery giants, but the batteries between the two companies have lanted for two years, and finally ended with LG’s victory.
The US International Trade Commission (ITC) admitted to the trade secret infringement of SK Innovation in the “Commercial Secret Infringement Litigation” of LG Energy Solutions and SK Innovation on February 10 (local time), in the US, battery pack All products, components, components, including products, have been banned from importing for 10 years.
However, in order to protect the US automotive industry, ITC has also implemented an extension measures, allowing Ford and Volkswagen to import battery and parts to produce 4 years and 2 years in the United States, respectively.
April 2019, LG Energy Solutions Company (at the LG Chem) claimed: “SK INNOVATION has a lot of leakage The core personnel and destroyed evidence. “And filed a lawsuit to the Delaware Local Court of the United States, requiring the prohibition of commercial secret infringement and damages to file a lawsuit. In this regard, SK puts forward a counterclaim, saying that it is voluntary to leave, no technical leakage.
In addition, operations in the US battery factory have also become uncertain. SK INNOVATION announced that after the construction of 9.8 GWH factories in Georgia in 2019, it invests about $ 1.5 billion (about 1.65 trillion won) in 2020, and then builds 11.7 GWH plants. The first factory is planned to be fully produced in next year, and the second factory is planned to be fully produced in 2023.
SK INNOVATIONOn the 15th, it said: “We will respond through the remaining lawsuits and procedures to ensure that the US battery production will not be interrupted.”
The only hope of SK Innovation is the veto of the US president. The US president has the right to approve or reject the decision of ITC within 60 days. Georgia Governor Bryan Middot; Kemp (Brian Kemp) also requested President President to use the veto, he said: “If there is no president’s actions, SK Innovation costs $ 2.6 billion in Georgia. Production facilities will be severely damaged. “
However, according to the analysis, President Biden ‘s President’s possibility of exercising the veto is not high, because this is not a dispute between domestic companies.
Even if the President of Biden exercises the veto, civil proceedings still exist, and the lawsuit may continue in the United States, so disputes will not end in the short term.
Customer Ford and Volkswage also ask both parties to reach an agreement. Due to the Ford Plan released F-150 electric model and the public will have a Meb-based automotive car that is published in the electric vehicle platform, it has been mass production next year, so SK Innovation is too large.
Ford CEO Jim MIDDOT; Jim Parley said in the tweet: “I am satisfied with ITC’s decision, but the voluntary agreement between the two suppliers will be for American manufacturers and The biggest benefits of workers. “Volkswagen has also requested the grace period to four years in the statement.
At the same time, since there is a huge gap between the compensation provided by the two parties, the negotiation progresses slowly.. According to the industry, LG requires compensation required for previous negotiations to 10 billion won, but the compensation required by SK is only 100 billion won. However, since the ITC ruling, SK Innovation is expected to participate in the negotiations at a positive attitude. LG also urged SK INNOVATION to change attitude on the 11th.