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Ford Motor Company (NYSE:F), (VWAGY) - Korean EV Battery Suppliers To Ford, VW Reportedly Reach Agreement To Avoid Import Disruption

Ford Motor Company (NYSE:F), (VWAGY) - Korean EV Battery Suppliers To Ford, VW Reportedly Reach Agreement To Avoid Import Disruption
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United statesSouth koreaSouth koreanSk innovation coLg chem ltdFord motor companyVolkswagen groupUs international trade commissionTrade commissionNorth americanஒன்றுபட்டது மாநிலங்களில்தெற்கு கொரியாதெற்கு கொரியன்ஸ்க் கண்டுபிடிப்பு இணைஎல்ஜி செம் லிமிடெட்ஃபோர்ட் மோட்டார் நிறுவனம்

Korean battery firms set to announce deal to resolve U S trade dispute -sources

Article content WASHINGTON Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG , three sources briefed on the matter said. The Biden Administration faces a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision. The ITC in February sided with LG Chem in its trade secrets claims, but allowed SK to import components for batteries for Ford’s EV F-150 program for four years, and Volkswagen’s North American EVs for two years. SK vowed to walk away from its $2.6 billion Georgia battery plant under construction if the ITC decision was not overturned. (Reporting by David Shepardson and Hyunjoo Jin; Editing by Daniel Wallis)

United statesDavid shepardsonHyunjoo jinDaniel wallisSk innovation coFord motor coBiden administrationUs international trade commissionTrade commissionNorth americanஒன்றுபட்டது மாநிலங்களில்டேனியல் வாலிஸ்ஸ்க் கண்டுபிடிப்பு இணைஃபோர்ட் மோட்டார் இணைஎங்களுக்கு சர்வதேச வர்த்தகம் தரகுவர்த்தகம் தரகு

REFILE-UPDATE 1-Korean battery companies agree to settle U S trade dispute -sources

UPDATE 3-S.Korean battery makers agree last-minute deal in boost to Biden s EV policy Reuters 6 hrs ago (Adds Warnock statement, background on plant) Popular Searches By David Shepardson and Hyunjoo Jin WASHINGTON, April 10 (Reuters) - South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said. The Biden administration through the U.S. Trade Representative s Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the companies had agreed a deal. An announcement of the battery makers settlement is expected by Sunday, the sources said.

United statesSouth koreaSouth koreanDavid shepardsonHyunjoo jinScott keoghDaniel wallisSk innovation coLg energy solutionUs trade representative officeFord motor coBiden administrationUs international trade commissionTrade commissionNorth americanGeneral motors

Korean battery firms set to announce deal to resolve U S trade dispute – sources

By Syndicated Content Apr 10, 2021 12:35 PM WASHINGTON (Reuters) - Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said. The Biden Administration faces a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision. The ITC in February sided with LG Chem in its trade secrets claims, but allowed SK to import components for batteries for Ford s EV F-150 program for four years, and Volkswagen s North American EVs for two years. SK vowed to walk away from its $2.6 billion Georgia battery plant under construction if the ITC decision was not overturned.

United statesDavid shepardsonHyunjoo jinDaniel wallisSk innovation coFord motor coBiden administrationUs international trade commissionTrade commissionNorth americanஒன்றுபட்டது மாநிலங்களில்டேனியல் வாலிஸ்ஸ்க் கண்டுபிடிப்பு இணைஃபோர்ட் மோட்டார் இணைஎங்களுக்கு சர்வதேச வர்த்தகம் தரகுவர்த்தகம் தரகு

Korean battery firms set to announce deal to resolve U S trade dispute

Korean battery agree to settle U.S. trade dispute - sources Reuters 3 hrs ago By David Shepardson and Hyunjoo Jin Popular Searches WASHINGTON (Reuters) - South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said. The Biden Administration through the U.S. Trade Representative s Office (USTR) faces a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision. An announcement of the settlement is expected soon.

United statesDavid shepardsonHyunjoo jinDaniel wallisSk innovation coFord motor coBiden administrationUs international trade commissionTrade commissionNorth americanஒன்றுபட்டது மாநிலங்களில்டேனியல் வாலிஸ்ஸ்க் கண்டுபிடிப்பு இணைஃபோர்ட் மோட்டார் இணைஎங்களுக்கு சர்வதேச வர்த்தகம் தரகுவர்த்தகம் தரகு