Musk, China's BYD deny report on Tesla ending battery supply cooperation

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The Korean Economic Daily on Sunday cited industry sources as saying Tesla had not asked BYD for an additional supply of batteries for certain Tesla Model 3 vehicles after their supply deal expired earlier this year.

“That media report is false. Relations between Tesla and BYD are positive,” Musk said in a tweet on Tuesday.

In a statement to Reuters, BYD said that the report “is not in line with the actual situation.”

BYD Executive Vice President Lian Yubo in June told Chinese state-owned broadcaster CGTN that BYD was preparing to supply Tesla with batteries “very soon”. Neither company have publicly disclosed any deal since.

(This story has been refiled to correct a verb tense in paragraph 2)