WASHINGTON — The U.S. Transportation Department will analyze the impact of an electrical automobile battery commerce ruling towards SK Innovation Co. on President Joe Biden’s green transportation goals, the nominee for the division’s No. 2 position stated.
Deputy Transportation secretary nominee Polly Trottenberg stated at a listening to the division would analyze the International Trade Commission’s Feb. 10 ruling siding with LG Chem Ltd. that accused SK of misappropriating commerce secrets and techniques associated to EV battery expertise.
U.S. Sen. Raphael Warnock, D-Ga., stated the ruling “seriously threatens” the viability of SK Innovation’s $2.6 billion Georgia plant with 2,600 deliberate employees, at present below development.
The senator known as the ruling “a severe punch in the gut” for Georgia employees and Biden’s push for EVs.
Biden has 60 days to reject or permit the ruling to face.
SK Innovation advised the White House on Feb. 23 Biden’s disapproval “is necessary to support the administration’s policy on tackling the climate crisis.”
The ITC issued a restricted 10-year exclusion order prohibiting U.S. imports of some lithium-ion batteries by SK Innovation, however permitted SK to import parts for home manufacturing of lithium-ion batteries and different components for Ford Motor Co.’s EV F-150 program for 4 years, and for Volkswagen of America’s MEB EV line for the North American area for 2 years.
Biden has vowed to switch the U.S. authorities’s fleet of roughly 650,000 automobiles with electrical fashions as the brand new administration shifts its focus towards clear vitality.
SK Innovation stated in its presentation to the White House the ruling would power it to close its Georgia plant, ensuing within the loss of practically 50 % of the “country’s non-captive EV production capacity.”
SK plans to take a position $5 billion by 2025 within the plant and have 6,000 employees. SK stated the carve-out durations “do not provide a solution.”
Ford CEO Jim Farley has known as on SK and LG Chem to settle the matter.
LG Chem didn’t instantly remark.