A resident of China was sentenced to 24 months in prison in the United States for stealing electric vehicle (EV) trade secrets from Tesla for his competing EV battery business, the U.S. Department of Justice said on Monday. Klaus Pflugbeil, 59, pleaded guilty in June to conspiring with business partner Yilong Shao to sell Tesla’s battery manufacturing secrets to undercover FBI agents posing as Long Island businesspeople.
China Resident Steals Tesla Trade Secrets | Business Matters (Dec. 17)
By Don Ma