SK Innovation EV Batteries Banned For 10 Years By U.S. ITC

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Kendalf

Kendalf

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According to the announcement, SK Innovation EV battery business (importation, domestic production, and sale of batteries for electric vehicles) is banned in the U.S. for 10 years.
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Source: https://insideevs.com/news/487231/sk-innovation-batteries-banned-10-years-us/

Wow, this may throw a massive monkey wrench in the sale of the IONIQ 5 (as well as the Kia CV and Genesis JW) in the USA. The article describes exceptions for the Ford F-150 and VW MEB programs, as well as the repair or replacement of SKI batteries used in the Kia Niro EV, but it seems like the Hyundai E-GMP vehicles will be included in the ban since they use SK Innovation batteries (or at least the IONIQ 5).

On the one hand, theft of IP is a serious crime, but on the other hand, battery supply is already one of the primary choke point for EV production, and this will only make things worse IMO.
 
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