Hyperdrive
Ford EV F-150 Battery Supplier Loses Fight Over U.S. Imports
- SK Innovation batteries from Korea to be banned for 10 years
- Ruling a potential blow to carmakers ramping up EV production
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SK Innovation Co.’s South Korean-made batteries will be banned from the U.S. for 10 years, dealing a potential blow to efforts by Ford Motor Co. and Volkswagen AG to ramp up production of electric vehicles.
SK Innovation will be able to import components for four years beginning now for domestic battery production for Ford’s EV F-150 launching next year, and for Volkswagen’s American MEB line for two years, to give the automakers time to transition to new domestic suppliers, the International Trade Commission ordered.