# The owners of the patents from the once-pioneering but now-defunct Israeli electric vehicle company Better Place are demanding approximately $250 million from the Chinese EV manufacturer Nio.

*semiconductor · news · 2026-04-26 · The Times of Israel*

## Key points

- Charge Peak, owner of Better Place's patents, is demanding $250 million from Chinese EV maker Nio.
- Charge Peak claims Nio's European battery-swap stations infringe on three foundational Better Place patents.
- Charge Peak set a June 5 deadline for Nio to buy the patents or issue a cease-and-desist.
- The demanded $250 million equals 2% of Nio’s projected 2025 global revenue.

**Companies:** Nio, Charge Peak
**Countries:** Israel, China, United States, British Virgin Islands, Germany

[Read the full story on The Times of Israel](https://www.timesofisrael.com/chinese-ev-firm-nio-accused-of-exploiting-better-place-patents-in-250-million-suit/)

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