SEOUL (Reuters) - Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, leaving its supply deals with LG Energy Solution and SK Innovation in doubt.
The automaker’s plan comes at a time when two major South Korea battery makers that manufacture the current pouch-type batteries for Volkswagen, LG Energy Solution and SK Innovation, have been locked in a legal battle in the United States over allegations of misappropriation of trade secrets related to EV battery technology.
EMH Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
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