Volkswagen warns Korean battery row could lead to 'catastrophic' supply disruption

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Volkswagen and Ford said a U.S. legal row between South Korean battery makers could disrupt supplies of the key electric vehicle parts and cost U.S.

FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois LenoirSEOUL: jobs during the Covid-19 outbreak, according to documents submitted to a U.S. trade panel.

"Any remedial orders should seek to avoid collateral damage to SKI’s existing customers," Volkswagen said in its public interest comments to the ITC in May. Ford said that LG Chem's assertion that it can replace SK Innovation as a supplier is not"credible" given EV battery supply shortages and the long development period required for EVs.SK Innovation is building its first battery plant in Georgia to serve Volkswagen's EV base in neighboring Tennessee starting 2022. SK Innovation also plans to add a second U.S. plant to supply Ford's electric pickup trucks and other models.

Source: Energy Industry News (energyindustrynews.net)

 

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