China-Based Canadian Man Accused of Selling Trade Secrets of Electric Vehicle Company

Published on March 21, 2024

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. The U.S. Attorney’s Office in Brooklyn, N.Y., said Klaus Pflugbeil was arrested on March 19 after allegedly providing stolen trade secrets to an undercover agent who was posing as a business person. Mr. Pflugbeil had travelled to Long Island to meet with a group of business people “who in reality were undercover law enforcement agents,” American prosecutors said in a statement released on March 19. “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....

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