[CO-Adventurer]

I read yesterday that there was a law suit settlement which will prohibit both Ford and VW from importing batteries from SK Innovation (after a 2 year wait period). The suit was brought by LG Chem. Here's a segment:

"WASHINGTON (Reuters) - The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea’s chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV battery technology."

SK Innovation loses U.S. battery trade case but gets temporary OK to sell to Ford, VW

I've seen on this forum that apparently LG Chem is the battery manufacturer for Rivian. (true?) If so, this law suit may not change things, but then again it might. Anyone have a more informed perspective on this?

 

[R99]

I read yesterday that there was a law suit settlement which will prohibit both Ford and VW from importing batteries from SK Innovation (after a 2 year wait period). The suit was brought by LG Chem. Here's a segment:

"WASHINGTON (Reuters) - The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea’s chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV battery technology."

SK Innovation loses U.S. battery trade case but gets temporary OK to sell to Ford, VW

I've seen on this forum that apparently LG Chem is the battery manufacturer for Rivian. (true?) If so, this law suit may not change things, but then again it might. Anyone have a more informed perspective on this?

It's a 10-year ban for SK Innovation to import their batteries into the US which is huge. There were rumors that it was LG but I don't know if that was officially confirmed or not.

Tesla Cybertruck rival Ford F-150 EV hits speed bump as battery supplier gets 10-year US ban

The ramp of the Ford F-150 Electric, the veteran automaker’s response to upcoming electric trucks like the Tesla Cybertruck, Rivian R1T, and the Hummer EV, has hit a speed bump. SK Innovation, the automaker’s battery supplier, received a 10-year import ban in the United States over allegations...

www.teslarati.com

 

[CO-Adventurer]

It seems like it might affect the overall market. But I hope not!!

 

[eHauler]

Ford will be getting supply from them for 4 years, but nothing after that. And it hasn't impacted Ford at all, as they've said. So maybe that's an indication a similar situation could play out for Rivian? Because I can't see why not.

 

[SANZCO2]

Speculation is they are working with LG

Rivian's EV Battery Supplier Is a Mystery, Might Be LG Chem in South Korea

The most futuristic EVs are here. Which battery manufacturer helps Rivian power its EVs? Can investors get access to LG Chem stock?

marketrealist.com

 

[azbill]

It is Ford and VW that are affected, they are th eones using the SK batteries. SK stole technology from LG and got caught.