SEOUL/NEW YORK -- The U.S. International Trade Commission has ruled in favor of LG Chem's trade-secrets theft claim against rival SK Innovation, concluding a 20-month investigation on the dispute between the two South Korean conglomerates.
The commission's decision on Wednesday includes a 10-year exclusion order against SK Innovation, or SKI, to ban it from importing certain lithium-ion batteries, battery cells, battery modules, battery packs and components into the U.S. and manufacturing such products in the country, effectively barring the company from the American electric-vehicle battery market.
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