SK Innovation "ICT, US Import Ban Final Decision... Actively Responding to Remaining Lawsuits" Disclosure

[Asia Economy Reporter Ji Yeon-jin] SK Innovation announced on the 15th that the U.S. International Trade Commission (ITC) has upheld LG Chem's request for a 10-year import ban in the United States on lithium-ion batteries, battery cells, modules, packs, and components against SK Innovation.

SK Innovation stated, "Regarding the previously secured Ford and Volkswagen programs, a grace period of 4 years and 2 years respectively has been granted, allowing battery production and supply in the U.S.," and added, "The company plans to actively respond through the remaining lawsuits and related procedures to ensure there is no disruption in battery production within the U.S."