Tesla sues Chinese company for violation of trade secrets
The company in question is Bingling Intelligent Technology, a chip designer and auto parts manufacturer
Tesla's Shanghai unit has filed a lawsuit against a Chinese company for technology theft and unfair competition, the state-run Chinese newspaper Shanghai Securities Journal reported on Tuesday, Reuters reports.
According to the publication, the lawsuit against Bingling Intelligent Technology, a chip developer and auto parts manufacturer, will be heard at the Shanghai Intellectual Property Court on October 10.
11.9% of Bingling's shares are owned by Xiaomi's investment fund, the newspaper reported, citing the Chinese business data platform Tianyancha.
Background. As reported, Tesla plans to invest in a battery manufacturing plant in Indonesia.
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