The governor of Georgia on Friday called on President Joe Biden to overturn a trade ruling made against SK Innovation, saying the decision would hurt the electric vehicle battery maker’s plant being built in the southern state.
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 EV battery technology.
Biden has 60 days to overturn the ruling, which included a 10-year exclusion order prohibiting imports into the United States of some batteries. The move could effectively ban the company from supplying EV batteries in the United States unless the company can source all the needed materials there – a step analysts say is not feasible. CONTINUE READING >>>>>