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SK Innovation vows to overcome import ban to make batteries in US

South Korean company may face hefty bill to settle trade secrets case with LG

SK Innovation of South Korea is building EV battery factories in the U.S. to serve Ford and Volkswagen.    © Reuters

SEOUL -- SK Innovation said on Monday that it remains committed to producing electric vehicle batteries in the U.S. despite being slapped with a 10-year import ban by the American trade commission last week.

"We will actively cope with the remaining litigations and all other processes to ensure we have no problems producing batteries in the U.S.," the South Korean company said in a regulatory filing.

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