FILE PHOTO: the logo of The FIRST “Innovation” is seen in front of its headquarters in Seoul, South Korea, on February 3, 2017. REUTERS/Kim Hong-Ji/Photo File
SEOUL (Reuters) – South Korean battery maker SK Innovation Co Ltd (096770.SO, on Friday said it is planning to sue fellow of LG Chem Ltd. (051910.KS) and its U.S. subsidiary, in the United States over alleged patent infringement in connection with the electric vehicle (EV) battery pack.
SK Innovation said in a statement it also planned to create a separate court case against LG Electronics Inc. (066570.KS) in the United States, claiming that the latter produced an EV battery modules and packs with the incorrect use of SK Innovation, and patents.
SK Innovation, said, ” it is still to make legal preparations in order to file lawsuits against LG Chem, LG Chem Michigan, Inc. by the U.S. International Trade Commission.
An LG Electronics spokeswoman said the company was monitoring the situation at all, but felt “no need” to respond to K’s claim. LG Chem will not have an immediate comment.
FIRST, Innovation in the legal fight against a bigger rival, LG Chem will be the last one accused SK Innovation at the United States for the alleged theft of trade secrets by hiring former employees.
“These lawsuits are not relevant for the LG-Chem’s lawsuit against the us allegations of the misuse of a trade secret, but they have a legitimate legal proceedings to protect our intellectual property,”, y S Yoon, president of SK Innovation’s battery business, said in a statement.
SK Innovation, South Korea’s largest oil refiner, is a latecomer to the EV battery market is led by LG Chem and Samsung SDI Co Ltd (006400.ME) as well as the japanese), Panasonic Corp (6752.(T). It began with the large-scale production in 2012, with its customers, including Daimler AG, DAIGn.DE and Volkswagen AG VOWG_p.DE).
If the court finds in favor of SK Innovation, LG Chem, will no longer be able to sell the affected battery products.
Such legal conflicts could weaken South korea’s battery makers are in an era of heightened global competition, to the extent that the public authorities can also act as a mediator in order to have a quick fix, an industry source told Reuters.
Reporting Heekyong and Yang, and Ju-min Park; Editing by Christopher Cushing