China’s government denies involvement in Renault spy case

Article by Christian Andrei, 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:


Login or Create new account to add a comment!


Wondering what the Fantasy Gift in Neiman Marcus’ annual Christmas Book this year could be? If you are generous enough to give others or yourself this special present, then behold...
by - October 24, 2016
It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016