"Tesla hired Matthews to help build the equipment for its 4680 battery cell. Tesla shared confidential software, designs, and know-how under strict secrecy rules. Fast forward a few years, and Tesla reportedly caught Matthews copying the tech into machines that were sold to competitors, claiming they lied about doing so for three years, and continued to ship it."
"Tesla chose to sue Matthews in July 2024 in Federal court, demanding over $1 billion in damages due to trade secret theft. Now, the latest twist, as this month, a Judge issued a permanent injunction -a court order banning Matthews from using certain stolen Tesla parts or designs in their machines. Matthews is also officially liable for damages."
Tesla filed a lawsuit against Matthews International in July 2024, alleging the former manufacturing equipment supplier stole trade secrets about battery manufacturing and shared them with competitors. The relationship began in 2019 when Tesla hired Matthews to build equipment for its 4680 battery cell, sharing confidential software, designs, and know-how under strict secrecy agreements. Tesla discovered Matthews had copied the technology into machines sold to competitors while denying the practice for three years. A judge initially denied Tesla's request to block Matthews from selling its dry battery electrode technology worldwide. However, this month a judge issued a permanent injunction banning Matthews from using certain stolen Tesla parts or designs in their machines, finding Matthews liable for damages to be calculated later.
#trade-secret-theft #battery-manufacturing-technology #legal-dispute #intellectual-property #tesla-vs-matthews-international
Read at TESLARATI
Unable to calculate read time
Collection
[
|
...
]