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Thursday 11 February 2021
Ford loses F-150 electric pickup’s battery supplier in import ban over IP
Ford’s plans for the F-150 electric pickup and and Volkswagen’s plans for the VW ID.4 are in jeopardy as their battery supplier is facing an import ban over intellectual property issues.
In 2019, LG Chem, one of the top battery suppliers for electric vehicles, filed federal lawsuits against SK Innovation (SKI), another top battery supplier for electric vehicles, over allegedly stealing trade secrets.
In the suits, LG alleges that SK Innovation “accessed trade secrets” by hiring 77 employees from their lithium-ion battery division of LG Chem, which they claim “developed the world’s first commercial pouch-type Li-ion battery for automobiles.”
Read the whole news on electrek.co