Zhejiang Yongtai Technology (SHE:002326) and subsidiary Shaowu Yongtai is being sued by Jiujiang Tinci High-Tech for alleged trade secret infringement in lithium battery materials production.
The case, filed in the Jiangxi High Court, involves liquid lithium hexafluorophosphate, though the chemical company said it currently only makes solid hexafluorophosphate, according to a Thursday filing with the Shenzhen bourse.
Shares of Yongtai Technology closed 2% lower Thursday.
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