U.S. will review impact of SK Innovation ruling on Biden green transportation goals

Posted on March 13, 2021 by Design in Design Innovation | 0 Comments

By Reuters Staff

1 Min Read

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji

WASHINGTON (Reuters) – The U.S. Transportation Department will analyze the impact of an electric vehicle battery trade ruling against SK Innovation Co Ltd on President Joe Biden’s green transportation goals, the nominee for the department’s No. 2 position said.

Deputy Transportation secretary nominee Polly Trottenberg said at a hearing the department would analyze the International Trade Commission Feb. 10 ruling siding with LG Chem Ltd that accused SK of misappropriating trade secrets related to EV battery technology. Senator Raphael Warnock said the ruling could threaten the viability of SK Innovation’s $2.6 billion Georgia plant currently under construction.

Reporting by David Shepardson