Musk denies report that China has ended BYD, Tesla battery supply cooperation | – #Musk #denies #report #China #ended #BYD #Tesla #battery #supply #cooperation
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SHANGHAI, March 14 (Reuters) – Tesla Inc ( TSLA.O ) Chief Executive Elon Musk and China Electric car and battery maker BYD Co Ltd ( 002594.SZ ) on Tuesday USA of the company USA they denied the media report stating that they had terminated cooperation with the company. BYD on battery supply.
On Sunday, the Korea Economic Daily reported, citing industry sources, that Tesla has not asked BYD to supply additional batteries for some Tesla Model 3 vehicles after the supply contract expired earlier this year.
“Media reports are lies. The relationship between Tesla and BYD is positive,” Musk tweeted on Tuesday.
In a statement to Reuters, BYD said that report “does not correspond to the actual situation”.
BYD executive vice president Lian Yubo told Chinese state television CGTN in June that BYD was preparing to supply Tesla with batteries “very soon.” Since then, neither company has made any deal public. read more
(This story has been rewritten to correct the verb tense in paragraph 2)
Reporting by Zhang Yan and Brenda Goh in Shanghai and Mrinmay Dey in Bangalore; Edited by Christopher Cushing
Our standards: Thomson Reuters Trust Principles.
2023-03-14 19:03:40
Source – reuters
Translation“24 HOURS”