Disputes between SK Innovation and LG Chem may stall battery supply for electric carsDecember 2, 2019
Two South Korean companies SK Innovation and LG Chem for the production of rechargeable batteries have launched a tough patent war. This is likely to adversely affect the supply of batteries for electric cars.
Both SK Innovation and LG Chem battery-powered electric cars have sued each other for patent infringement. It all started with the fact that in 2018 SK Innovation entered into a multi-billion dollar deal with Volkswagen to supply batteries for American-made electric vehicles. In 2019, LG Chem accused a competitor of misappropriating trade secrets.
According to analysts, looking at court documents, both companies are actively working to undermine the activities of a competitor in the US market. The struggle is over the supply of batteries for Volkswagen, Chevrolet Bolt, Ford, Jaguat I-Pace, Audi e-Tron and KIA Niro.
“The loser in this war will receive a mortal blow. If companies do not reach consensus, then this will also be a blow to the electrified segment of the automotive market, ”said Ulsana Cho Jae-phil, professor at the National Institute of Science and Technology.
In addition, companies filed claims for various patents, and if the court finds both parties right and prohibits the sale of batteries in America using these patents, both companies can leave the US market.
Meanwhile, it became known that the American company Tesla plans to purchase batteries from LG. We are talking about the supply of batteries for electric cars, which will be produced in Shanghai.
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