Short Circuit

SVOLT to pay compensation to CATL


Chinese battery cell manufacturers CATL and SVOLT have settled a legal dispute. CATL had sued SVOLT in February 2022 after nine former CATL employees moved to two SVOLT subsidiaries.

These individuals allegedly breached non-compete agreements, according to CATL. Under the settlement, CATL will receive 5 million yuan (equivalent to about US$740,000) in compensation from SVOLT.

CATL had also sued its smaller rival China Lithium Battery Technology (CALB) last year for alleged infringements of its intellectual property.


about „SVOLT to pay compensation to CATL“
Lic. Alejandro Mendoza Ramírez.
22.07.2022 um 14:24
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