Lamborghini will spend billions electrifying its supercars techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.
The companies had no immediate comment.
The U.S. International Trade Commission had issued the import ban Feb. 10 based on what it called an “extraordinary” effort by SK Innovation to destroy evidence in a trade-secret case lodged by fellow South Korean rival LG Chem Ltd.’s LG Energy Solution Co. unit.
The ITC did carve out time to let SK Innovation import components for batteries to be assembled in Georgia for Ford and Volkswagen vehicles.
The ban was scheduled to take effect April 11, unless President Joe Biden overturned it on public policy grounds. South Korea government officials and Biden administration pushed the companies to reach an agreement instead.
No, VW is not changing its name to Voltswagen techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.