ZOTYE Automobile intellectual property contract dispute case second-instance judgment, required to pay 29.5 million and interest

Recently, ZOTYE received a civil judgment [Zhe Min Zhong 588] from the Zhejiang Provincial High People's Court. Previously, Shanghai Sizhizhi sued ZOTYE due to a dispute over an intellectual property contract, demanding payment of licensing fees and overdue interest, while ZOTYE counter-sued for contract termination. On April 30, 2025, the Jinhua Intermediate Court ruled to terminate the contract and dismissed Shanghai Sizhizhi's claims. Shanghai Sizhizhi appealed, and after reviewing the case, the Zhejiang High Court found that some of its requests were valid. The second-instance judgment upheld the termination of the contract and revoked the dismissal of Shanghai Sizhizhi's claims, ordering ZOTYE to pay 29.5 million yuan and overdue interest within ten days, while dismissing other claims from Shanghai Sizhizhi. This judgment is final and may have a significant impact on ZOTYE's performance