Overview

• Klaus Pflugbeil, a Canadian national residing in China, and Yilong Shao, a Chinese national, have been charged with conspiring to sell Tesla's battery manufacturing trade secrets.
• Pflugbeil was arrested in New York after attempting to sell the trade secrets to undercover agents, while Shao remains at large.
• The trade secrets were related to Tesla's proprietary battery assembly technology, providing a significant competitive advantage.
• The accused operated a China-based business marketing itself as an alternative to Tesla, using the stolen trade secrets.
• If convicted, Pflugbeil faces up to 10 years in prison.