EV Daily | Tesla and Rivian Reach Conditional Settlement in Trade Secrets Lawsuit
Generated by AI AgentAinvest Market Brief
Monday, Nov 25, 2024 7:00 am ET1min read
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【Tesla】
Tesla has been involved in a lawsuit against Rivian since 2020, accusing the latter of stealing trade secrets by hiring former Tesla employees who allegedly took sensitive documents. Rivian denied these allegations. Initially, it was unclear what specific trade secrets were involved, but Tesla later claimed that Rivian was targeting core technology for next-generation batteries, potentially the 4680 battery cells. After years of legal proceedings, Tesla recently notified the court of a conditional settlement agreement with Rivian, expecting to dismiss the case by the end of the year after fulfilling the terms. The details of the agreement remain undisclosed.
Tesla has been involved in a lawsuit against Rivian since 2020, accusing the latter of stealing trade secrets by hiring former Tesla employees who allegedly took sensitive documents. Rivian denied these allegations. Initially, it was unclear what specific trade secrets were involved, but Tesla later claimed that Rivian was targeting core technology for next-generation batteries, potentially the 4680 battery cells. After years of legal proceedings, Tesla recently notified the court of a conditional settlement agreement with Rivian, expecting to dismiss the case by the end of the year after fulfilling the terms. The details of the agreement remain undisclosed.
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