BYD: Tesla’s suspension of cooperation with BYD is false information

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Tech Planet news on March 14, today, reports that Tesla has suspended cooperation with BYD on batteries have sparked heated discussions. In response to this news, BYD’s latest response stated that this is “false information, which does not match the actual situation.”

Earlier, according to Korea Economic Daily, Tesla stopped its battery cooperation with BYD. The report pointed out that after the battery supply contract between Tesla and BYD on low-priced models such as the Model 3 standard version expired at the beginning of this year, they did not require continued supply. There are three possible reasons for the cessation of cooperation:

1. The battery continuity problem of BYD Blade.

2. Taking into account the subsidy policy related to electric vehicles in the United States.

3. BYD directly competes with Tesla in manufacturing and exporting electric vehicles in Europe, India, Southeast Asia and other places, which is also the reason for the termination of the contract.

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