<div class="at-above-post addthis tool" data-url="https://www.metro.us/ford-ceo-calls-for/"></div>WASHINGTON (Reuters) – Ford Motor Co’s chief executive, Jim Farley, on Thursday publicly encouraged South Korea’s chemicals and electric vehicle (EV) battery maker LG Chem Ltd and SK Innovation Co Ltd to reach a settlement on LG’s battery allegations that SK stole trade secrets. The U.S. International Trade Commission (ITC) on Wednesday sided with LG […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/ford-ceo-calls-for/">&
Federal agency rules SK Innovation stole trade secrets
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Tesla Motors, Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) - Tesla Battery Supplier LG Energy Solution Gets Favorable Verdict In Legal Spat With SK Innovation
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Ford Motor Company s (NYSE:F) plan to launch an electric F-150 pickup next year.
The International Trade Commission on Wednesday upheld an earlier ruling against Korean battery maker
SK Innovation, which has been accused by rival
LG Chem (OTC: LGCEY) of stealing trade secrets related to lithium-ion battery manufacturing. The commission ruled that SK Innovation is prohibited from importing its batteries into the U.S. for 10 years.
SK Innovation is building two factories in Georgia to supply Ford and
Volkswagen (OTC:VWAGY) with batteries for upcoming electric vehicles (EVs), including the F-150 and a U.S.-made version of VW s ID.4 electric SUV. The fate of those factories is now up in the air.