The owner of patents from a defunct Israeli start-up once seen as a pioneer in the development of electric vehicle infrastructure has accused Chinese carmaker Nio of infringing its intellectual property and demanded $250mn.
Charge Peak, a British Virgin Islands-registered entity controlled by Canadian businessman Larry Krauss, on Tuesday issued a cease-and-desist letter over three European patents covering battery-swap technology that it acquired after the collapse of EV group Better Place in 2013.