Biden faces critical test in EV battery trade dispute

U.S. President Joe Biden faces a deadline on Sunday to decide whether to intervene in a trade dispute between two South Korean electric car battery makers that could hurt a factory in Georgia and a push for cars. More electricity, LG Chem and rival SK Innovation Co have spent months trying to capitalize on past investments and US contracts and relationships with politicians.The Biden administration, through the U.S. Trade Representative's Office, is slated to decide as soon as Friday whether it will take the rare step of repealing the United States International

Trade Commission (ITC) unless the เล่นเกมส์สล็อตฟรี battery company. Korea's resolution will be reached at the last minute.The White House declined to comment on Thursday.ITC in February sided with LG Chem in claiming a trade secret, but allowed SK to import battery components for the Ford EV F-150 program for four years and Volkswagen's North American EVs for two years.Volkswagen of America CEO Scott Keogh said Wednesday's intervention was important: `` The White House could accelerate the future of zero-emission vehicles and green jobs or threaten capacity cuts.

US batteries and delay the switch to electric cars The global automotive industry is accelerating EV development, Biden has offered &36; 174 billion to boost EV sales and charging.SK said the ITC ruling would force the halt of construction of a &36; 2.6 billion plant in Georgia, with two newly elected Democrats as supporters of a thin Democratic congressional majority. Biden Last month, Republican Governor of Georgia Brian Kemp urged Biden to intervene, noting that SK's factories would employ nearly 2,600 people: “Simply put, it is the livelihood of thousands of Georgia people. The person is already in your hand.

Georgia Senator Jon Ossoff held a meeting with the Korean battery maker and the Biden Administration. Several times, his office insisted and stressed that "the urgent need for both companies to join the negotiating table and agree to settle to help the Georgia factory," the spokeswoman said.LG Energy Solution, LG's battery unit, is nearing completion from a cell plant in Ohio with General Motors and is close to announcing plans to build a second, &36; 2.3 billion facility in Tennessee, sources told Reuters.LG plans to invest at least &36; 4.5 billion in U.S. battery production over the next four years.LG insists it can support the automaker's battery demand if SK ditches its Georgia plant.SK noted LG was unable to handle VW and Ford contracts, and warned the Chinese manufacturer may replace lost battery capacity.
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