South Korean Battery Makers Pitch White House About Disputed Georgia Factory -- Update
By Ben Foldy
A pair of South Korean battery makers made their pitches to the
Biden administration about a disputed factory project under
construction in Georgia seen as key to the electric-car plans of
Ford Motor Co. and Volkswagen AG.
SK Innovation Co. is looking for the White House to overturn a
ruling by the Federal Trade Commission last month that the company
said would cause it to abandon a $2.6 billion battery factory
complex it had hoped to open later this year, according to a copy
of a presentation made to officials last week and reviewed by The
Wall Street Journal.
The new complex, located northeast of Atlanta in Commerce, Ga.,
is expected to create 2,600 jobs and supply electric-car batteries
to Ford and Volkswagen, SKI has said.
In the presentation given to administration officials, SKI also
disclosed previously unreported plans to expand the factory complex
by investing another $2.4 billion in the project and creating an
additional 3,400 jobs by 2025.
Meanwhile, representatives of LG Chem met with administration
trade officials Friday to make their pitch for preserving the
ruling, according to people familiar with the discussion.
Write to Ben Foldy at Ben.Foldy@wsj.com
(END) Dow Jones Newswires
March 01, 2021 14:50 ET (19:50 GMT)
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