Chinese Battery Maker CALB Compensates $417K to Rival CATL for Patent Infringement

(Source: CALB)

Chinese battery maker CALB announced on November 30 that it will immediately stop selling products that infringe on the patent rights of a rival, CATL, and compensate the latter 2.96 million yuan ($417,577).

This result is the first instance judgment. Therefore, CALB will appeal again but cannot determine the time and outcome of the final j…