REPORT: SAIC stole hybrid technology, says Ssangyong

Filed under: Hybrid, Asia, China

Even though Ssangyong Motor, a Korean company, claims it does not have any plans to sue the Shanghai Automotive Industry Corporation (SAIC), Korean prosecutors said yesterday that SAIC illegally took information about gasoline-electric hybrid technology from Ssangyong in 2006. The Seoul Central District Prosecutors’ Office has indicted seven engineers at Ssangyong for leaking the information to SAIC, which at the time owned 48.9 percent of the Korean auto company, without state permission. The Korea Times hints that SAIC invested in Ssangyong just to get the hybrid technology (and other valuable assets) and “then threw the company away.”

The state prosecutors are seeking to punish the engineers for giving away technology that the Korean government, in part, paid for. One of the components developed by Ssangyong, along with German company FEV, is the hybrid control unit used to enhance energy efficiency in hybrid cars.

[Source: Korea Times]

REPORT: SAIC stole hybrid technology, says Ssangyong originally appeared on Autoblog Green on Thu, 12 Nov 2009 17:19:00 EST. Please see our terms for use of feeds.

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