CALB Co., Ltd. Class H (HK:3931) has released an update.
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CALB Group Co., Ltd. is currently engaged in a legal battle with Contemporary Amperex Technology Co., Limited (CATL) over alleged infringement of a utility model patent related to EV battery products, with CATL seeking RMB 92 million in damages and additional costs. Despite the lawsuit, CALB maintains that their advanced technology and design render the claims baseless and assures stakeholders that the company’s operations and production will not be negatively affected. The company promises to keep shareholders informed as they take legal steps to protect their interests.
For further insights into HK:3931 stock, check out TipRanks’ Stock Analysis page.