Deal between rival South Korean battery suppliers averts 10-year US import ban
11 April 2021 - 18:49
Detroit/Washington/Frankfurt — The South Korean supplier of electric vehicle batteries in the US for Ford and Volkswagen has reached a last-minute deal with its chief rival, said people familiar with the situation.
Saturday’s move averts a 10-year import ban on SK Innovation’s products and protects thousands of jobs in the politically important state of Georgia...
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