Tesla Sues Bingling Intelligent Technology, in Which Xiaomi Holds Shares

Recently, Tesla (Shanghai) has filed a high-profile lawsuit in opposition to Bingling Intelligent Technology (Changzhou), accusing it of infringing on Tesla’s commerce secrets and techniques and fascinating in unfair competitors. This case will likely be heard in the Shanghai Intellectual Property Court on October 10, 2023.

Bingling Intelligent Technology is an organization established in May 2022. It primarily engages in built-in circuit chip design and providers, manufacturing of automotive elements and equipment, in addition to analysis and improvement of automotive elements. Its important product is power effectivity administration sensors, that are used for battery system administration, motor drive management, and energy modules in new power automobiles’ three-electric programs. These sensors play an vital function in power effectivity administration and security management of recent power automobiles.

Tesla believes that Bingling Intelligent Technology has infringed upon its mental property rights in areas equivalent to built-in circuit chip design, and is suspected of stealing Tesla’s technological secrets and techniques. As an organization with superior electrical automobile expertise and associated patents, Tesla’s technological secrets and techniques are the core competitiveness of its competitors. Tesla is anxious that Bingling’s actions might result in expertise leakage and theft of commerce secrets and techniques, thereby adversely affecting Tesla’s market place and enterprise pursuits.

SEE ALSO: Tesla Wins Lawsuit Against “Tesla Beer” Trademark Infringement Case

In addition, it’s value noting that Xiaomi Smart Factory acquired a stake in Bingling Intelligent Technology in March of this 12 months, turning into its second-largest shareholder with roughly 11.86% possession. This state of affairs makes the case extra complicated, involving the pursuits of the well-known expertise firm Xiaomi. As a shareholder, Xiaomi might have a major affect on the event of Bingling Technology and the result of the case.

The trial of this case will likely be an vital step in resolving the dispute between Tesla and Bingling Intelligent Technology. Tesla will search the help of the courtroom to guard its technological secrets and techniques and demand that Ice Bingling Intelligent Technology stop its infringement and unfair competitors. The consequence of the trial can have vital implications for Tesla, Bingling Intelligent Technology, and all the new power automobile business.

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