China’s government denies involvement in Renault spy case

Article by Christian A., on January 14, 2011

China's government has denied media reports that claims that its companies are involved in a suspected leak of Renault S.A.'s EV secrets. So far, the alleged leak has resulted to the suspension of three executives at Renault. Foreign ministry spokesman, Hong Lei, recently told reporters in Beijing that the accusations are "baseless and irresponsible."

The Chinese government spoke up after French newspaper reports said investigations are pointing to possible Chinese involvement.

Le Figaro, the French newspaper, disclosed that Renault investigators found payments by a Chinese power company into accounts held by two of the executives in Switzerland and Liechtenstein.

Renault spokeswoman Caroline De Gezelle did not comment on Le Figaro's report. In a recent published interview, Renault COO Patrick Pelata, told French newspaper Le Monde that the company has fallen victim to an “organized, international ring,” and while data on vehicle architecture and costs may have been passed to foreign competitors, battery technologies appear not to have been leaked.

Renault and Japanese partner Nissan Motor Co. have invested about EUR4 billion ($5.2 billion) in batteries and electric vehicles. Nissan develops batteries in a venture with NEC Corp. for the Leaf electric car and models planned by its French alliance partner and South Korea-based LG Chem Ltd. is contracted to supply batteries to Renault to meet demand in excess of the alliance's manufacturing capacity. [via autonews - sub. required]

Topics: china, renault

If you liked the article, share on:

Comments

Recommended

If this design study leads to the eventual and much-awaited BMW 8 Series grand tourer, then we wouldn’t complain. After all, it looks so promising. It isn’t the final version...
by - May 26, 2017
After successfully closing a deal with Volvo in 2010, China’s Geely is now securing full ownership of Lotus -- the maker of Exige, Evora, Elise and 3-Eleven. The Chinese car...
by - May 26, 2017
Volkswagen of America has a nice surprise for potential customers of the new VW Tiguan (2018 model year). The latest iteration of the Tiguan – set to arrive in the...
by - May 25, 2017
Toyota Camry is many things but exciting isn’t one of its frequent descriptions. That’s why throughout the years, Toyota has been stepping up its game for the said model in...
by - May 25, 2017
Volkswagen intends to leave the crowd in awe at the Worthersee Meeting (Wortherseetreffen) – the largest VW and Audi car show in Europe – with its new GTI Worthersee concept. ...
by - May 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries