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

Good news for Audi EU5 and EU6 diesel car owners in Europe. They can now update their cars to fit six-cylinder or eight-cylinder TDI engines through a retrofit program, and...
by - July 25, 2017
Recently, Autocar revealed that a Ferrari SUV is on the way, after the company continuously denied that they will not build one. And unlike the usual crossover styling, Ferrari will...
by - July 25, 2017
BMW will be releasing a limited edition 7 Series in the same way that the 3 Series and 5 Series models got their own anniversary editions from the previous years....
by - July 25, 2017
Here comes Blue Arrow, a Porsche 911 (991) Turbo S tuned by Edo Competition that is even quicker and faster than the 911 GT2 RS. Moreover, it is definitely the...
by - July 24, 2017
Earlier this year, Ford had already begun deliveries of the Ford GT. However, the company has been experiencing some delays at their facility in Canada. This means that the next...
by - July 24, 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