Soelect, Inc. v. Hyundai Motor Company
Opinion
Trial Court Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 SOELECT, INC., Case No. 23-cv-05405-CRB
Plaintiff,
ORDER GRANTING MOTION TO
v.
DISMISS
HYUNDAI MOTOR COMPANY, Defendant.
In this case, Soelect, Inc., a battery company, has sued Hyundai Motor Co. (HMC), a car company, alleging that HMC stole Soelect’s trade secrets in violation of the Defend Trade Secrets Act (DTSA). See Compl. (dkt. 1) ¶¶ 1, 4, 11, 15. HMC now brings two motions: a motion to dismiss, and an alternative motion to stay. See MTD (dkt. 24); MTS (dkt. 26). Because the Court grants the motion to dismiss, it does not reach the motion to stay. I. BACKGROUND A. The Relevant Players Soelect is a Delaware corporation with a principal place of business in North Carolina. Compl. ¶ 16. Soelect “develops revolutionary lithium anode battery technology for rechargeable lithium batteries for high energy applications, such as electric vehicles.” Id. ¶ 4. HMC is a South Korean car company with a…