Tesla sues ex-supplier Matthews over EV battery trade secrets

admin admin | 06-18 16:30

Tesla asked the court to block Matthews from misusing its trade secrets and hand over its patent applications in addition to requesting monetary damages.
Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors.

The lawsuit, filed on Friday in U.S. District Court for the Northern District of California, said Matthews owes damages that Tesla "conservatively estimates will exceed USD 1 billion" for misusing company trade secrets related to dry electrode battery manufacturing technology.

Spokespeople for Matthews and attorneys and spokespeople for Tesla did not immediately respond to requests for comment on Monday.

Pittsburgh-based Matthews began supplying Tesla with manufacturing machinery in 2019, according to the complaint. Tesla said it shared secrets with Matthews related to dry-electrode coating, which the carmaker has said can dramatically reduce the size, cost, energy consumption and production cycle time of battery manufacturing plants while boosting the energy density and power of battery cells.

The lawsuit said Matthews shared Tesla's innovations with unnamed competitors by selling "machines and other technologies embodying Tesla's trade secrets." It also said Matthews claimed Tesla's inventions as its own in patent filings that have revealed confidential Tesla information.

Tesla asked the court to block Matthews from misusing its trade secrets and hand over its patent applications in addition to requesting monetary damages.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...