US EditionCATL Lawsuit Threatens Hithium IPO
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Contemporary Amperex Technology Co. Ltd. (CATL) of China, the world's largest battery manufacturer, has filed a lawsuit accusing Hithium, a rapidly growing rival, of unfair competition, a measure that could jeopardize the latter's next initial public bid (OPI) in Hong Kong. According to court documents, CATL initiated legal proceedings on 25 June at the Ningde Intermediate People's Court, Fujian, targeting Hithium and five affiliated entities, i…
Contemporary Amperex Technology Co. Ltd. has filed a lawsuit in which it accuses Hithium of unfair competition.A step that could jeopardise the company's upcoming IPO in Hong Kong.According to ESS News, Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery manufacturer, launched a lawsuit against Hithium and five related companies, including the company's executives and several suppliers, on June 25 at the Intermediate Peo…
CATL lawsuit threatens Hithium IPO
China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery manufacturer, has filed a lawsuit accusing fast-growing rival Hithium of unfair competition – a move that could jeopardize Hithium’s upcoming initial public offering (IPO) in Hong Kong.From ESS News CATL initiated legal proceedings on June 25 at the Intermediate People’s Court of Ningde in China's Fujian province, targeting Hithium and five affiliated entities, …
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