CATL Sues CALB Group Over Patent Infringement on Battery Modules

MT Newswires Live

01-20

CALB Group (HKG:3931) said it was sued by Contemporary Amperex Technology (SHE:300750), or CATL, for infringing a patent on battery modules.

CATL is seeking compensation of 60 million yuan for economic losses and 1 million yuan for costs incurred for stopping the infringement, according to a Jan. 17 filing with the Hong Kong bourse.

CALB Group said "there is no infringement involved" in its products.

CATL shares rose 4% in recent trade.

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