BYD May Sell Batteries to Tesla, Executive Tells State Media

BYD’s Hong Kong-traded shares, up almost 13% this year, jumped as much as 4.1%.

(Bloomberg) — BYD Co., the automaker backed by Warren Buffett, is readying to sell its own batteries to Tesla Inc., an executive at the Chinese company told state media.

“We are good friends with Elon Musk, and we are preparing to supply batteries to Tesla,” BYD Executive Vice President Lian Yu-bo said in a short video clip with state television broadcaster CGTN, released Wednesday. Musk is Tesla’s chief executive officer.

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