BYD called "Tesla stops working with BYD" as false information.

CTOnews.com March 14 news, yesterday night, Korea Economic Daily said that Tesla stopped the cooperation with BYD on the battery. In response to foreign media reports that "Tesla called off cooperation with BYD on batteries", BYD said in its latest response to the Financial Associated Press that it was "false information, which is not consistent with the actual situation."

Tuyuan Pexels previously reported that BYD began supplying 10GWh batteries to Tesla's European models last year, and even the Tesla model with blade batteries has entered the C-sample testing stage.

As far as CTOnews.com knows, Lian Yubo, executive vice president of BYD Group and director of the Automotive Engineering Research Institute, also said in an interview last year: "BYD respects Tesla, is also good friends with Musk, and is ready to supply Tesla with batteries immediately."

The Korea Economic Daily said Tesla did not ask for further supply after the battery supply contract with BYD for low-cost models such as Model 3 standard edition expired at the beginning of this year. There are three possible reasons for the cessation of cooperation:

1. The problem of continuous BYD blade battery.

2. Considering the subsidy policy related to electric vehicles in the United States.

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

LG Energy Solutions is speeding up the development of lithium iron phosphate batteries for electric vehicles at the request of Tesla, because Tesla's upcoming cheaper model will have a greater demand for lithium iron phosphate batteries, the article said.