China resident who stole Tesla trade secrets gets 2-year US sentence ...Middle East

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.

“In stealing trade secrets from an American electric vehicle manufacturer to use in his own China-based company, Pflugbeil's actions stood to benefit the (People's Republic of China) in a critical industry with national security implications,“ U.S. Assistant Attorney General Matthew Olsen said in a statement.

Prosecutors said he and Shao built their EV battery business on trade secrets from a “leading U.S.-based electric vehicle company.” Prosecutors did not name the company, but said it acquired a Canada-based manufacturer of battery-assembly lines in 2019, which matches the description of Tesla's acquisition of Canadian company Hibar.

Shao met the undercover agents at a trade show in Las Vegas last year, according to prosecutors, after which Pflugbeil sent them a business proposal containing Tesla's trade secrets.

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