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2 Korean Battery Makers Settle Dispute That Threatened Biden’s Green Agenda

  • April 11, 2021

Georgia’s politicians, both Democrats and Republicans, had been pressuring President Biden to act on their state’s behalf. Gov. Brian Kemp, a Republican, wrote to the president last month asking him to veto the commission’s decision for the sake of Georgia’s economy and the thousands of jobs that would be created at the battery plant.

“I congratulate both companies for working through their significant differences to resolve this dispute, which builds confidence in their reliability and responsibility as suppliers to the U.S. auto industry,” the trade representative, Katherine Tai, said in a statement on the settlement.

President Biden called the settlement agreement “a win for American workers and the American auto industry” in a statement on Sunday. “A key part of my plan to Build Back Better is to have the electric vehicles and batteries of the future built here in America, all across America, by American workers.”

Officials from Ms. Tai’s office and elsewhere in the Biden administration had been meeting with the companies, hoping to encourage a deal. Senator Jon Ossoff, Democrat of Georgia, had also worked “intensely” on the mediation, as DealBook reported on Friday.

“A week ago, talks between these companies had stalled and 2,600 Georgia jobs were at risk,” Mr. Ossoff said in a statement. The settlement, he said, ensures “thousands of jobs, billions in future investment, and that Georgia will be a leader in electric vehicle battery production for years to come.”

Article source: https://www.nytimes.com/2021/04/11/business/dealbook/battery-dispute-electric-vehicles.html

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