After years of fighting, Tesla has finally put its trademark dispute in China with businessman Zhan Baosheng behind it, thanks to an undisclosed settlement. The news comes at a perfect time for the automaker, which is still setting up its dealers there.
Tesla Motors continues to be locked in a bitter trademark dispute with a Chinese man who claims to own the rights to the company's name there. Zhan Baosheng is now suing the automaker in China for trademark infringement, and he's asking for 23.9 million yuan ($3.9 million) in damages, plus for the business shut down all of its Chinese operations.
Tesla Motors, the Silicon Valley automaker that produces the electric Roadster and has inked deals with Daimler and Toyota, has finally worked its way past a long trademark dispute in Europe. The electric automaker's application for the "Tesla" name in the European Union had been blocked by Tesla Holding a.s., a 90-year-old company that supplies communications and broadcast equipment in the Czech Republic.