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BAK Battery

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2019

    Zotye and Huatai owe nearly RMB 1 billion, triggering 'chain debt'; BAK's upstream arrears lead to risk warnings from four listed companies

    In 2019, Zotye Auto owed BAK about RMB 616 million and Huatai Auto about RMB 300 million; BAK pursued the debt through litigation up to the Supreme People's Court. BAK itself faced tight cash flow and owed upstream suppliers; four listed companies issued risk warnings on receivables from BAK. BAK publicly apologized, saying it would push automakers to repay. Litigation, apology.

    Source

  2. 2019

    BAK Battery sues Zotye Auto over unpaid supply invoices

    Lawsuit filed

    BAK Battery sued Zotye Auto and related defendants over a reported unpaid debt of several hundred million yuan. The case was filed on 5 August 2019 and was later treated as withdrawn after the plaintiff failed to fulfill litigation obligations.

    Source excerpt

    • 原告深圳市比克动力电池有限公司（以下简称“比克电池”）与被告众泰汽车股份有限公司等买卖合同纠纷一案，于2019年8月5日立案。但因原告比克电池因未依法履行诉讼义务，此案已于9月5日按深圳市比克动力电池有限公司撤回起诉处理。
    • 众泰汽车因欠锂电池供应商深圳比克动力电池有限公司数亿元款项，已被比克动力起诉至法院
    Source

  3. 2017

    Lishen, BAK and Other Battery Firms Criticized for Insufficient Cobalt Supply Chain Due Diligence

    Amnesty International's cobalt supply chain report rated Tianjin Lishen as taking only minimal action and Shenzhen BAK as taking no action, citing insufficient risk identification and disclosure. Tianjin Lishen objected to some of the ratings; the assessment does not amount to a finding that the companies directly used child labor. Status: NGO investigation and company objection. Entities involved: Tianjin Lishen, Shenzhen BAK Battery.

    Source