The SK-Ford partnership is expected to be similar to what LG Energy has with another American automaker, General Motors, with the two jointly building battery factories in Ohio and Tennessee.
"With the joint venture's factory construction, LG Energy Solution has secured additional EV battery production capacity in the U.S. and will actively target the rapidly growing U.S. EV market," LG Energy said
Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee for their second electric vehicle (EV) battery plant, which will be similar in scope to its $2.3 billion Ohio plant, according to sources familiar with the matter.
The US International Trade Commission (ITC) in February sided with LG in a trade secret case and issued a 10-year import ban on SK, while temporarily allowing shipments of battery components for Ford
The US International Trade Commission (ITC) affirmed a preliminary ruling delivered in February 2020 to support LG's claims that SK used stolen trade secrets to develop its electric vehicle (EV) batteries.
