
Volkswagen Group's (OTC: VWAGY) Audi has sued Nio Inc (NYSE: NIO) alleging the Chinese EV maker’s ES6 and ES8 model names infringe the trademark rights of two of its models, the S6 and S8, CnEVpost reported on Thursday, citing German media outlet Handelsblatt.
What Happened: Audi has alleged in a lawsuit filed in a Munich court that some of Nio’s models offered for the first time in Europe would infringe Audi's trademark rights.