Tesla sues Xiaomi-backed EV tech maker for stealing their tech secrets, unfair competition disputes
1 year, 3 months ago

Tesla sues Xiaomi-backed EV tech maker for stealing their tech secrets, unfair competition disputes

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Tesla is suing a major Chinese EV component manufacturer that is backed by Xiaomi, for stealing a secret EV from them. Chinese companies have a reputation for not honouring international copyright laws and treaties Tesla has reportedly filed a lawsuit against a Chinese firm called Bingling Intelligent Technology, alleging infringement of tech secrets and unfair competition, as per Reuters. Xiaomi has even unveiled its first electric sedan, codenamed MS11 or Modena, which aims to compete directly with Tesla’s flagship Model S. To facilitate mass production of the Modena, the Chinese smartphone giant has partnered with local companies in a joint venture. What’s intriguing is that Tesla’s lawsuit against this tech company is part of a growing trend of Chinese firms being accused of EV technology theft from global companies. China currently holds a prominent position in the EV manufacturing sector, with numerous domestic electric car brands dominating both the Chinese and global markets.

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