The competition in the electric vehicle market is heating up. In the market led by Tesla and BYD, manufacturers are competing fiercely to offer better technologies at more affordable prices. However, it appears that this competition is not going so smoothly. Tesla China has sued a Chinese company, Bingling Intelligent Technology, for allegedly infringing its technology secrets. Moreover, it turned out that the company that stole Tesla‘s secrets was owned by Xiaomi. Here are the details…
Tesla sues Chinese firm over tech secret infringement
Tesla China has sued Bingling Intelligent Technology for allegedly infringing its technology secrets. The lawsuit was filed in the Shanghai Intellectual Property Court and is scheduled to go to trial on October 10. While corporate espionage is not new, so there is no big news, right? Wrong… Bingling Intelligent Technology is a chip designer and auto parts manufacturer based in Changzhou and it is majority-owned by Xiaomi, the Chinese smartphone maker.
Tesla has accused Bingling Intelligent Technology of stealing its trade secrets related to the development and production of automotive sensors and components. The company is seeking damages and an injunction to prevent Bingling Intelligent Technology from using its technology. It is worth noting that Xiaomi has been developing its own electric vehicle for some time, which could provide a motive for the alleged theft.
However, this is not enough evidence to accuse anyone. Therefore, it is best to view Xiaomi as innocent until the court case is over. Tesla has been a vocal critic of intellectual property theft in China. In 2019, the company sued Chinese electric vehicle startup Xpeng Motors for alleged theft of trade secrets. The case was settled in 2020, with Xpeng agreeing to pay Tesla an undisclosed sum. It remains to be seen if the case against Bingling Intelligent Technology will be settled in a similar way.
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