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Tesla, Nio Battery Supplier CATL Sues Rival Over Allegations Of IP Violation

Tesla, Nio Battery Supplier CATL Sues Rival Over Allegations Of IP Violation

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Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO) battery supplier Contemporary Amperex Technology Co or CATL has sued rival China Lithium Battery Technology Co (CALB) for alleged intellectual property violations, Reuters reported Wednesday. What Happened: CATL has reportedly alleged in the lawsuit that batteries installed in tens of thousands of vehicles by CALB use its technologies.

...read full article on Benzinga

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