Tesla denies securing batteries from BYD

Asian Tech Press (June 10) -- Tesla-related sources denied that BYD would supply batteries for the company.

In a video posted on Wednesdayby Kate Kui Yingchun, a news anchor in China's state-owned broadcaster CGTN, BYD's executive vice president Lian Yubo said the company would provide battery products for Tesla.

In response, Tesla-related sources said they had not heard the news. In addition, Kui has deleted the video of the interview with Lian.

There have been many such rumors in the market, and Tesla has denied the rumors each time, a signal that it would not secure batteries from Chinese automaker BYD Co Ltd (BYDDF: OTC US).

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