China-based Canadian man accused of selling trade secrets of electric vehicle company

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

American prosecutors say a Canadian living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery...

American prosecutors say a Canadian living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery business.

“As alleged, the defendants set up a company in China, blatantly stole trade secrets from an American company that are important to manufacturing electric vehicles," said Breon Peace, U.S. Attorney for the Eastern District of New York.Peace said trade secret theft "places U.S. businesses at a competitive disadvantage, undermines innovation and creates a potential national security risk.”

The complaint says the products developed by the Canadian company were used in battery assembly lines that could be run continuously at high speed, pumping out batteries at a much faster pace than firms without the technology.Prosecutors allege that Pflugbeil and Shao — who remains at large — set up an unnamed company with offices in China, Brazil, Germany and Canada using the stolen trade secrets.

-- Asian stocks and currencies look set to respond positively to the Federal Reserve’s policy decision where the central bank maintained its outlook for three interest-rate cuts this year, according to analysts and strategists.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

China-based Canadian man accused of selling trade secrets of electric vehicle companyAmerican prosecutors say a Canadian national living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery business. The U.S.
Bron: sudburydotcom - 🏆 6. / 89 Lees verder »

China-based Canadian man accused of selling trade secrets of electric vehicle companyAmerican prosecutors say a Canadian national living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery business. The U.S.
Bron: BurnabyNOW_News - 🏆 14. / 77 Lees verder »

China-based Canadian man accused of selling trade secrets of electric vehicle companyAmerican prosecutors say a Canadian national living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery business. The U.S.
Bron: SooToday - 🏆 8. / 85 Lees verder »