CATL(SZ:300750) Zhong Guo Neng Yuan Wang·2025-08-05 02:25Core Viewpoint - Haicheng Energy Technology Co., Ltd. has issued a statement addressing five major controversies, including a "trade secret infringement" incident, the bankruptcy of its largest U.S. customer, and a lawsuit for unfair competition [1][3]. Group 1: Trade Secret Infringement - The individual involved in the "trade secret infringement" case is Feng Dengkai, who has been taken into custody by the police for allegedly infringing on trade secrets, with the complainant being CATL [3]. - Haicheng Energy claims that the "composite electrolyte technology" in question has been verified by a third party as publicly known and does not constitute a trade secret [4]. - The case is related to patent infringement, where Shenzhen Haihong New Energy Technology Co., Ltd. transferred multiple "electrolyte" related patents to Haicheng Energy in 2022 [5]. Group 2: Unfair Competition Lawsuit - Haicheng Energy has been sued by CATL for unfair competition, with the case filed in the Ningde Intermediate People's Court, set to be heard on August 12 [6]. - The company asserts that there are no effective legal documents recognizing it as engaging in unfair competition, and the claims made by the plaintiff do not reflect judicial acknowledgment of the facts [6]. - The ongoing investigation into the case is not expected to adversely affect the company's production and operations [6]. Group 3: Market Position and IPO - In the global energy storage market, CATL and Haicheng Energy rank first and third, respectively, with Haicheng Energy's valuation exceeding 25 billion yuan due to rapid growth [3]. - Haicheng Energy is in the process of applying for an IPO in the Hong Kong stock market [3].