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Tesla sues Chinese firm over tech secret infringement -Chinese state media

Stock Markets
Published Sep 05, 2023 05:47AM ET Updated Sep 05, 2023 03:01PM ET
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© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo
 
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BEIJING (Reuters) - Tesla (NASDAQ:TSLA) Shanghai has sued a Chinese firm over tech secret infringement and unfair competition disputes, Shanghai Securities Journal reported on Tuesday.

The lawsuit against Bingling Intelligent Technology, a chip designer and auto parts maker based in Changzhou, Jiangsu province, will be heard in the Shanghai intellectual property court on October 10, according to the report.

A investment fund unit of Xiaomi (OTC:XIACF) owns 11.9% of Bingling, the report said, citing Chinese business data platform Tianyancha.

Tesla sues Chinese firm over tech secret infringement -Chinese state media
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Comments (5)
Jeremy Sklenar
Jeremy Sklenar Sep 06, 2023 8:29AM ET
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Elon must be lost if he thinks he can win in court in china.. just wait til ccp takes the whole factory and throws elons people out of the country..
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Den Mor
Den Mor Sep 05, 2023 11:36PM ET
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The CCP allows Tesla to operate in China for the purpose of being pillaged…
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First Last Sep 05, 2023 3:15PM ET
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Chinese citizens can't get justice in CCP courts; low odds TSLA can.
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Jason Moreira
Rolln Sep 05, 2023 9:37AM ET
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China is incapable of coming ip with anything on their own
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Nan Ma
Nan Ma Sep 05, 2023 9:37AM ET
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that is not true. China already has operational hyper sonic missiles can strike land targets and ships, while the US still doesn't have an operational hyper sonic weapon as of right now
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Nan Ma   Ten regular missiles can cost the same as 1 hypersonic missile.  An hypersonic missile is only economical for use on a high-value target that's well-defended with air defense systems.  Even then, a multitude of regular missiles and decoys may be a better choice.  And US decades-old ballistic missiles are already hypersonic.
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Nan Ma   "In the 1950s and 1960s, a variety of experimental scramjet engines were built and ground tested in the US and the UK." -- wikipedia.  Not China, which was busy going full commie and doing the Cultural Revolution to come up with tech.
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Nan Ma   The US chose not to mass produce hypersonic missiles due to high costs and lack of need, not due to lack of tech.  But now the US Army is months away from fielding the LRHW.
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John Lynch
John Lynch Sep 05, 2023 8:33AM ET
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Not surprising. They only reason they let foreign companies operate in China is so they can steal intellectual property. Tesla needs to migrate to other Far East countries like India, Vietnam, South Korea and Indonesia with a goal of producing less that 10% of its cars in China.
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