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Bloomberg
LG Chem, the South Korean electric-car battery giant, sued local rival SK Innovation Co in the US for allegedly stealing trade secrets by poaching scores of highly knowledgeable employees.
The lawsuits, filed with the US International Trade Commission and the District Court of Delaware, alleges SK hired 77 employees from LG, some of whom stole trade secrets that helped SK develop a pouch-style battery favored by automakers and the consumer electronics industry .
LG, ranked as the world’s second-biggest manufacturer of lithium-ion battery cells by BloombergNEF, said it’s seeking restrictions on SK’s operations and further use of LG’s trade secrets. SK, whose customers include Volkswagen AG, hired workers through “a transparent and public process,†it said.
The company is adding plants in the US, China and Hungary under an expansion plan that’s aimed at catapulting it into the industry’s top three.