Ford rejects U.S. ITC criticism over SK Innovation battery deals

By:  Reuters
01:32 03/05/2021

WASHINGTON (Reuters) - Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission over its decision to pursue battery contracts with SK Innovation.

The ITC said Ford pursued new contracts after evidence had emerged the South Korean electric vehicle (EV) battery maker misappropriated trade secrets from cross-town rival LG Chem.

"Contrary to the ITC’s assumption, Ford was committed to three additional battery programs tied to SK Innovation before any misconduct had surfaced," Ford said.

The ITC did not immediately respond to a request for comment.

(Reporting by David Shepardson; Editing by Chris Reese)

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