{"id":400362,"date":"2021-02-15T10:25:54","date_gmt":"2021-02-15T04:55:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400362"},"modified":"2021-02-15T10:25:54","modified_gmt":"2021-02-15T04:55:54","slug":"sk-innovation-witnesses-biggest-decline-in-a-year-after-us-ban-of-ev-batteries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sk-innovation-witnesses-biggest-decline-in-a-year-after-us-ban-of-ev-batteries\/","title":{"rendered":"SK Innovation witnesses biggest decline in a year after US ban of EV batteries"},"content":{"rendered":"<p>SK Innovation Co. had the biggest decline in almost a year in Seoul trading after the International Trade Commission ruled its electric-vehicle batteries will be banned from the U.S. for 10 years, giving bigger rival LG Energy Solution Co. a win.<\/p>\n<p>Shares of SK Innovation, which supplies Ford Motor Co. and Volkswagen AG, dropped as much as 9.6% in early trading, the biggest intraday decline since March 2020. The stock traded down 6.6% at 277,000 won as of 9:15 a.m. in Seoul. Shares of LG Chem Ltd., the parent of LG Energy, gained as much as 5.2%.<\/p>\n<p>\u201cSK Innovation will ultimately have to reach some sort of an agreement with LG Energy,&#8221; said Lee Dong-wook, an analyst at Kiwoom Securities Co. in Seoul. \u201cIt has to consider the fact that it has supply agreements with customers and either way it has to meet those obligations. The focus will be on how big the settlement will be.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SK Innovation Co. had the biggest decline in almost a year in Seoul trading after the International Trade Commission ruled its electric-vehicle batteries will be banned from the U.S. for 10 years, giving bigger rival LG Energy Solution Co. a win. Shares of SK Innovation, which supplies Ford Motor Co. and Volkswagen AG, dropped as much as 9.6% in early trading, the biggest intraday decline since March 2020. The stock traded down 6.6% at 277,000 won as of 9:15 a.m. in Seoul. Shares of LG Chem Ltd., the parent of LG Energy, gained as much as 5.2%. \u201cSK Innovation will [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-400362","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400362"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400362\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}