October 26, 2020
WASHINGTON/SEOUL (Reuters) – The United States International Trade Commission (ITC) on Monday delayed a decision on South Korea’s chemicals and electric vehicle battery maker LG Chem Ltd’s complaint its cross-town rival SK Innovation Co Ltd misappropriated electric vehicle battery trade secrets.
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 <VOWG_p.DE> and Ford Motor as they move to build new electric vehicles.
The ITC delayed the target date for its decision to Dec. 10.
(Reporting by David Shepardson in Washington and Heekyong Yang in Seoul, Editing by Chris Reese)
