Core Viewpoint - Hanchuan Intelligent has filed a lawsuit against CATL and its subsidiary, claiming a breach of contract regarding payment obligations, with a total amount involved of 60.8799 million yuan [2][4]. Group 1: Lawsuit Details - The lawsuit involves procurement contracts for battery swap station equipment, with Hanchuan Intelligent alleging that CATL and its subsidiary failed to fulfill payment obligations as per the contract [2][4]. - Hanchuan Intelligent has requested the court to order CATL's subsidiary, Times Electric, to pay a principal amount of 37.6848 million yuan, along with overdue payment damages totaling 2.4049 million yuan, leading to a total claim of 40.0897 million yuan [6]. - From March 2022 to November 2023, Times Electric and Hanchuan Intelligent signed 17 purchase orders for battery swap station equipment, with a total contract value of 81.7878 million yuan, of which 38.8690 million yuan has been paid [6][7]. Group 2: Business Context - Hanchuan Intelligent is a key equipment supplier for CATL's battery swap business, which is a significant focus area for CATL, aiming to establish 1,000 battery swap stations by 2025 and a total of 30,000 stations nationwide [7]. - Hanchuan Intelligent has experienced a 64.61% decline in revenue in 2024, attributed to lower-than-expected delivery volumes and strategic adjustments in its electric vehicle equipment and battery swap equipment businesses [7][9]. - The company is undergoing a strategic contraction to mitigate the impact of underperforming segments on its cash flow and profitability [9].
遭遇诉讼!“宁王”违约?