Zhongxinhang was hit by a patent lawsuit from CATL and fell below its IPO price on its first day of listing

On the eve of its listing on the Hong Kong stock market, China New Aviation encountered patent litigation from CATL. Although China New Aviation won some of the lawsuits, its stock price fell below the issue price on the first day of listing, and its market value shrank by more than HK$46 billion. This incident once again highlights the importance of patent litigation in market competition.