Audio By Carbonatix
A Canadian resident of China pleaded guilty in New York federal court on Thursday to stealing Tesla (TSLA.O), opens new tab electric-vehicle battery manufacturing trade secrets and conspiring to sell them to undercover government agents, according to the U.S. Department of Justice (DOJ).
Klaus Pflugbeil, 58, the operator of a China-based business that sells technology used in electric vehicles, faces up to 10 years in prison for plotting with business partner Yilong Shao to sell Tesla's secrets to FBI agents posing as Long Island businesspeople, the department said in a statement.
Neither Pflugbeil's attorney nor representatives for Tesla immediately responded to Reuters requests for comment. Shao, who was also charged but remains at large, could not be reached for comment.
"With his guilty plea, Pflugbeil is now being held accountable for this unlawful conduct that jeopardized our national security," U.S. Assistant Attorney General Matthew Olsen said in a statement.
Pflugbeil, who is also a citizen of Germany, was charged in New York in March. Prosecutors said Pflugbeil 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.
Thursday's statement said that Pflugbeil and Shao both worked for the Canadian company before Pflugbeil joined Shao's business in 2020. DOJ said that the unnamed business now has locations in China, Canada, Germany and Brazil, making the same battery-assembly equipment as their previous employer.
Latest Stories
-
More federal agents to be sent to Minnesota, Trump administration says
35 minutes -
Chalamet beats DiCaprio to Golden Globes glory
45 minutes -
Pro-Bawumia group launched in Belgium ahead of NPP primaries
56 minutes -
Mahama departs for World Economic Forum
1 hour -
Photos: Star glamour on the Golden Globes red carpet
1 hour -
US film stars Meagan Good and Jonathan Majors become Guinea citizens after DNA tests
2 hours -
He once criticised African leaders who cling to power. Now Museveni wants a 7th term
2 hours -
Malaysia and Indonesia block Musk’s Grok over sexually explicit deepfakes
2 hours -
US Justice Department opens criminal probe into Fed chair Jerome Powell
2 hours -
Meta blocks 550,000 accounts under Australia’s social media ban
2 hours -
Golden Globes 2026: The full list of winners and nominees
3 hours -
Asake reconciles with father, baby mama after viral accusations of abandonment
6 hours -
Wizkid becomes first African artist to surpass 10 billion streams on Spotify
6 hours -
Actor Yomi Gold hospitalised in Morocco after sudden health scare
6 hours -
Sabalenka beats Kostyuk to win third Brisbane title
6 hours
