Sinovel seeking $58m from US supplier

BEIJING - Wind turbine maker Sinovel Wind Group Co is seeking more than 369.1 million yuan ($58 million) from American Superconductor Corp (ASC) in a counterclaim filed in a dispute over component shipments.

Sinovel asked the Beijing Arbitration Commission to overrule claims by ASC's Suzhou Meien Superconductor Co unit over eight purchase agreements, the Beijing-based company said on Wednesday in a stock exchange filing.

The turbine maker also sought damages for breach of contract and legal and arbitration fees from the unit.