Tesla, Buffett-Backed China Company Near EV Battery Deal


Tesla,  (TSLA) – Get Tesla Inc. Report the Austin EV powerhouse, quickly may have recent provides of batteries for its well-liked automobile traces.

BYD,  (BYDDY)  a China-based firm that makes its personal electrical autos and is backed by billionaire investor Warren Buffett, stated it shortly could be supplying Elon Musk’s clean-energy carmaker with maybe its most essential element. 

“We are good friends with [Tesla Chief Executive] Elon Musk and we are preparing to supply batteries to Tesla,” Bloomberg News quoted BYD’s govt vp, Lian Yu-bo, as saying in a video launched by China state TV broadcaster CGTN.

Source: www.thestreet.com