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LGCMI

US trade probe into Korean battery secrets theft claims

Thu, 05/30/2019 - 16:06 -- John Shepherd
US trade probe into Korean battery secrets theft claims

The US’ international trade watchdog is investigating allegations that Korean battery maker SK Innovation was involved in the theft of trade secrets from manufacturing rival LG Chem.

The US International Trade Commission (USITC) probe follows a lawsuit filed in the US by LG Chem and its US manufacturing subsidiary, LGCMI, whose pouch-type lithium-ion battery tech underpins what the company said is a “significant share” of the American electric vehicle market.

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