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WASHINGTON – Volkswagen AG called itself an “unintentional victim” in a battle between two battery suppliers late Friday and urged the US government to delay the purchase of batteries for US planned electric vehicle production.
The US International Trade Commission (ITC) sided with LG Chem on Wednesday in a trade secrets case, but allowed SK Innovation to import components for domestic lithium-ion battery production for Ford Motor Co’s EV F-150 program for four years, and for Volkswagen. of America’s electric vehicle line for two years.
VW said Friday it will request that its exclusion be extended to at least four years to provide an adequate transition period. Ultimately, though, we hope the two suppliers will resolve this dispute out of court. “
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| VWAGY | VOLKSWAGEN AG | 22.04 | -0.06 | -0.27% |
| F. | FORD ENGINE COMPANY | 11.45 | 0.00 | 0.00% |
GENERAL ENGINES SITTING WITH CALIFORNIA FOR $ 5.75 Million IN EARNINGS FOR STATE PENSION FUND
The German automaker has invested $ 800 million to build electric vehicles in Tennessee and hire hundreds of employees. “Volkswagen will take all necessary steps to enable us to deliver on our promise to provide skilled jobs to proud employees in Tennessee,” said the automaker.
On Thursday, Ford Chief Executive Jim Farley publicly encouraged LG Chem and SK Innovation to reach a settlement. VW and Ford previously warned that the litigation could disrupt delivery of key EV parts and cost the US jobs during the COVID-19 pandemic.
Georgia Governor Brian Kemp on Friday called on President Joe Biden to rescind the ITC ruling, warning that the long-term outlook for the $ 2.6 billion SK Innovation battery factory in Jackson County, Georgia, ” would be significantly harmed “. The factory will eventually build batteries for Volkswagen and Ford.
Quality control in the paint shop at Volkswagen’s Chattanooga plant. (Credit: Volkswagen)
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The White House and SK Innovation declined comment.
Dave Callahan, adviser to LG Energy Solution, said the company “remains committed to negotiating a fair settlement for the theft of its trade secrets” and said the plant will be able to operate in Georgia.
“The only obstacle to resolving this issue and securing the plant’s long-term future is (SK Innovation’s) refusal to acknowledge the wrongdoing and make amends,” he added.