Washington (Reuters)-Volkswagen AG (OTC :) called itself an “unintentional victim” in a battle between two battery suppliers late Friday, calling it a key battery for planned US electric vehicle production. He urged the US government to extend the grace period for purchases.
The US International Trade Commission (ITC) upheld LG Chem in a secret lawsuit on Wednesday, but SK Innovation has four years of domestic production parts for lithium-ion batteries for the Ford Motor (NYSE :) Co EVF-150 program. Allowed to import. , And for Volkswagen (DE :) on the American electric vehicle line for two years.
“We require an extension of at least four years to provide an appropriate transition period,” VW said Friday. But in the end, the two suppliers want to settle the dispute outside the courtroom.
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VW’s “unintentional victim” in battery supplier conflict calls for four-year grace by Reuters
https://www.investing.com/news/stock-market-news/vw-unintended-victim-in-battery-supplier-dispute-seeks-fouryear-reprieve-2418187 VW’s “unintentional victim” in battery supplier conflict calls for four-year grace by Reuters