Audi Files Trademark Infringement Suit Against Nio (NIO)

German newspaper Handelsblatt reported on Thursday that Volkswagen’s Audi has filed a lawsuit in a Munich court against Chinese electric vehicle maker Nio (NYSE: NIO) over a potential infringement of Audi’s trademark rights

According to Audi, Nio’s decision to name two of its models ES6 and infringes Audi’s trademark for its own model designations S6 and S8, Handelsblatt reported.

Shares of Nio are down 4% in pre-market trading following the news.

"Like many successful companies, Audi is always careful to protect its trademark rights comprehensively," a Google translation of Audi’s remarks in the German language said.

Nio refused to comment on the ongoing process.

In response to the lawsuit, Nio is acting more cautiously on his first public appearances in Germany. To be on the safe side, Nio removed the type designations on the electric SUVs.

By Michael Elkins

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