Pair accused of stealing battery manufacturing secrets from Tesla and starting their own company

News Snapshot:

NEW YORK (AP) — Two men are accused of starting a business in China using battery manufacturing technology pilfered from Tesla and trying to sell the proprietary information, federal prosecutors in New York said Tuesday. Klaus Pflugbeil, 58, a Canadian citizen who lives in Ningbo, China, was arrested Tuesday morning on Long Island, where he thought he was going to meet with businessmen to negotiate a sale price for the information, federal authorities said. Instead, the businessmen were undercover federal agents. The other man named in the criminal complaint is Yilong Shao, 47, also of Ningbo. He remains at large....