Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission for not being based on a public interest hearing, noting that it committed to SK Innovation's battery programs before any misconduct had surfaced.
The US carmaker said the “key facts” would have emerged if the ITC conducted a hearing.
Ford said it does not condone actions that SK is accused of, referring to accusations of trade secret misappropriation and destroying of evidence during an investigation.
The ITC criticized Ford for pursuing new EV contracts with SK even after evidence had emerged that the South Korean EV battery maker misappropriated trade secrets from LG Chem.
Last month, the ITC issued a limited 10-year exclusion order prohibiting imports of SK-made lithium-ion batteries.
The ITC permitted SK to import components for producing batteries for Ford’s EV F-150 program for four years, and Volkswagen’s MEB electric vehicle line for North America for two years.
SK wants the ITC decision to be overturned by President Joe Biden and warned it would halt construction of a $2.6 billion battery plant in Georgia if it is not.


China Services PMI Beats Forecasts as Strong Demand Supports June Growth
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 



