FRANKFURT- German battery maker Varta <VAR1.DE> said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents.
The company’s shares plunged 20% after the issue was flagged by a broker note earlier.
“If they do not react immediately after the deadline, we will seek preliminary injunctions,” a Varta spokeswoman said.
Some stock traders also linked Varta’s share price collapse to lithium producer Livent <LTHM.N> cutting its earnings outlook on Tuesday due to a downturn in prices of the battery metal.
(Content and photos syndicated via Reuters)