SVOLT and CATL Reach Settlement on Unfair Competition Case

(Source: SVOLT)

After nearly half a year, the lawsuit between battery developer SVOLT and industry giant CATL has come to an end. On July 19, under the auspices of the Ningde Intermediate People’s Court of Fujian Province, the two companies reached a settlement on the unfair competition case, determining that CATL will receive a settlement of 5 million y…