Foxconn International Holdings has urged its rival BYD, which will spin off its handset business on the Hong Kong Stock Exchange's main board next Thursday, to disclose more information about any possible write-off due to an ongoing intellectual property lawsuit.
Last June, Foxconn filed a lawsuit against BYD in the Intermediate People's Court in Shenzhen, claiming BYD knowingly and intentionally procured confidential data from former employees.
The court has taken some witnesses from BYD's office and appointed Beijing Jiu Zhou Shi Chu Intellectual Property Expertise Centre of Judicature, (Beijing JZSC), which is authorised by the supreme court of People's Republic of China, to run an investigation.
Foxconn said it had recently read an unreleased investigation report conducted by Beijing JZSC and found some evidence that supports its accusation against BYD.
'The report showed that over half of the documents in two of BYD's computer hard drives contain our confidential information while many of BYD's internal documents are highly identical or highly similar to ours,' said Vincent Tong Wen-xin, Foxconn's spokesperson. 'We are happy to see the conclusion of this report, which is similar to that of our own investigation.'
Mr Tong said Foxconn was going to prosecute one or two more former employees who are working for BYD. He said so far, one former employee had been jailed and two were under investigation for inappropriate use of Foxconn's information.