A Canadian entrepreneur in China accused of stealing battery technology from Tesla has been released on bail in the United States.
Klaus Flugbeil, a Canadian citizen living in Ningbo, China, had a bail hearing on March 22 and was released on bail on March 28, according to information provided by Daniel Haas, spokesman for the US Attorney's Office for the Eastern District of New York.
The court set bail at $1 million with two properties posted and $150,000 in cash with the clerk of court.
"The defendants set up a company in China, stole trade secrets from an American company that is important to the production of electric vehicles and has millions of dollars in research and development," Brion, the U.S. attorney for the Eastern District of New York, said in a statement last month. and sold products made with stolen trade secrets.
   Pflugbeil on March 19 in Long Island, N.Y. was arrested after allegedly passing several trade secrets to an undercover agent. He is accused of traveling to Nassau County, New York, because he believed he would meet with businessmen who were actually undercover federal law enforcement agents, the U.S. Attorney's Office said in a press release that day.
Pflugbeil and Yilong Shao, a Chinese national, were charged with conspiring to pass trade secrets belonging to a "leading US-based electric vehicle company," the US Attorney's Office for the Eastern District of New York wrote. If found guilty, they face up to 10 years in prison.



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