Hyperdrive
EV Battery-Maker’s Misconduct Said ‘Extraordinary’ by ITC
- Trade agency releases opinion in dispute over EV batteries
- Agency had ordered import ban based on SK Innovation’s actions
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SK Innovation Co.’s destruction of documents in a trade-secret case brought by a rival electric-vehicle battery maker was “extraordinary,” a U.S. trade agency said in a strongly worded opinion that could undermine the company’s bid for a reprieve from the Biden administration.
LG Chem Ltd.’s LG Energy Solution Co. unit last month won a 10-year ban on imports of SK Innovation batteries, which the International Trade Commission imposed as punishment for SK’s destruction of emails and other documents. The commission issued a public version of its opinion Thursday in the dispute between the two South Korean companies which are the world’s largest makers of EV batteries.