Chinese Court Awards Record Intellectual Property Damages in Groundbreaking Automotive Trade Secret Case
Beijing, China – A landmark decision by the Supreme People’s Court (SPC) on June 14, 2024, assigned a record-breaking amount of damages for an intellectual property infringement in China, involving a heated dispute between two major domestic car manufacturers. The battle which centered around the misappropriation of technical trade secrets for new energy vehicle chassis has concluded with punitive damages being doubled on appeal. This case, presided over by Judge Chen Wenquan, has not only resulted in a multibillion-yuan award but also set a precedent for intellectual property rights enforcement in China’s rapidly evolving automotive … Read more