Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Visa to Move European Headquarters to London’s Canary Wharf 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Japan’s Service Sector Sustains Growth Momentum in November 
Tesla is suing Bingling Intelligent Technology, a Chinese developer and manufacturer of integrated circuit chips and products, for alleged trade secret infringement and unfair competition. The Shanghai unit of Elon Musk’s electric vehicle manufacturing company lodged a complaint against the China-based chip designer and automotive parts producer at the Intellectual Property court in the city.
Tesla Shanghai’s case against Bingling Intelligent Technology is set to be heard in the IP court on Oct. 10. According to Reuters, the Changzhou, Jiangsu province-based tech firm is backed by the investment unit of Xiaomi Corporation, which holds 11.9% of the company.
Pandaily reported that Xiaomi Smart Factory purchased a stake in Bingling in March this year, and with the amount of shares it acquired, it has become the firm's second-largest shareholder. It was said that Bingling’s connection with Xiaomi made the lawsuit more complicated.
This is because, as a shareholder, the consumer electronics company may possibly have a big influence on the development of Bingling Technology.
In any case, Tesla thinks that BIT breached its intellectual property rights in some aspects, such as the integrated circuit chip design. The EV maker also suspects that the company is stealing some of Tesla’s tech secrets and EV-related patents.
The upcoming trial is being watched by industry experts as they are considering this as a crucial step in resolving the conflict between Tesla and Bingling Intelligent Technology. Through the lawsuit, the former is also seeking the support of the local court so it can protect its technological secrets and avoid any leakage to the public.
Finally, regardless of how the Tesla vs. Bingling trial will conclude, the result will have considerable effects on the companies involved. Experts also think the outcome may even alter the entire energy vehicle sector.
Photo by: Alexander Shatov/Unsplash
