Korean makers find solution for battery packs for electric cars | Now

LG Energy Solution and SK Innovation, two main battery cells and battery packs for electric cars, settled a dispute Sunday over patents and trade secrets in the United States. This allows projects to continue for new factories and parts distribution.

With this deal, the shortage of battery cells and battery packs for Ford and Volkswagen in the United States has disappeared.

Ford is working on the electric version of the F-150 pick-up truck, which has been the best-selling vehicle in the world since the Toyota Corolla last year. Volkswagen wants to start production of cars from the electric ID family by 2022.

Initially S.K. The innovation seemed to put off his plans for a new battery pack factory in the US state of Georgia. In February, the International Trade Commission (ITC) ruled in favor of LG Energy in a dispute over trade secrets. The plant involves an investment of $ 2.6 billion (18 2.18 billion). The manufacturing facility will also provide 2,600 jobs in Georgia.

The governor of that state, Republican Brian Kemp, asked President Joe Biden to intervene. SK to reconsider ITC decision The deadline expires Sunday through Monday.

LG Energy Solution and SK Innovation does not give it that far. So the companies reached a solution in the case of trade secrets. In April, ITC SK Ruled in favor of innovation, in a controversy over potential patent infringement. According to the committee, this is not the case.