US Governor Calls on Biden to Revoke Trade Judgment Against SK Innovation By Reuters

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2/2 © Reuters. Fellow candidate Brian Kemp prepares to speak to volunteers and staff at his campaign office as they hold a phone banking event in Atlanta, Georgia, USA. 2/2

By Ben Klayman and David Shepardson DETROIT / WASHINGTON (Reuters) – Georgia’s governor asked President Joe Biden on Friday to overturn a trade ruling against SK Innovation, saying the decision would hurt the electric vehicle battery maker’s plant that is is building in the south. Express. Governor Brian Kemp’s request came two days after the U.S. International Trade Commission sided with LG Chem Ltd, which accused SK Innovation of misappropriating trade secrets related to battery technology from electric vehicles. Biden has 60 days to overturn the ruling, which included a 10-year exclusion order prohibiting the importation of some batteries into the United States. The move could effectively bar the company from supplying batteries for electric vehicles in the United States unless the company can obtain all the necessary materials there, a step that analysts say is not feasible. “Unfortunately, the recent ruling by the International Trade Commission jeopardizes SK’s significant investment in 2,600 clean energy and innovative manufacturing jobs during a pandemic,” Kemp said in a statement. Kemp warned that the long-term prospects for SK Innovation’s $ 2.6 billion battery plant in Jackson County, Georgia, would be “significantly damaged.” The plant will eventually make batteries for Volkswagen AG (OTC 🙂 and Ford Motor (NYSE 🙂 Co. White House officials could not be reached for comment. SK officials declined to comment, but LG Chem called Georgia a victim of SK’s actions. SK Innovation “can remedy this event by adequately compensating (LG Energy Solution) for its illegal conduct,” Song Jung, attorney for LG Energy Solution (LGES), a unit of LE Chem, said in a statement. “LGES wants to work with Governor Kemp to help the plant and workers, while upholding the rule of law.” On Thursday, Ford Chief Executive Jim Farley publicly encouraged LG Chem and SK Innovation to reach an agreement. VW and Ford previously warned that a legal dispute between South Korean battery manufacturers could disrupt supply of key parts for electric vehicles and cost US jobs during COVID. 19 pandemic. ITC sided with LG Chem, but allowed SK to import components for domestic production of lithium-ion batteries for the Ford EV F-150 program for four years, and for Volkswagen (DE 🙂 from American electric vehicles. for two years. SK Innovation said after the ruling that it regretted the decision, but cited the presidential review period of 60 days. Biden has made electric vehicles and reducing vehicle emissions a top priority.

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