semiconductor / news / / The Times of Israel
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.
Charge Peak, owner of Better Place's patents, is demanding $250 million from Chinese EV maker Nio.
KEY POINTS
- 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.
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Summarized by Newsio from The Times of Israel. How we summarize →