Shares of Chinese EV Maker BYD Jump After Exec Says Company Is Set to Supply Batteries to Tesla

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A senior executive at China’s BYD said during a Chinese state media interview that the firm is poised to supply Tesla with batteries “very soon.”

, because we're preparing to supply batteries to [Tesla] very soon," BYD Vice President Lian Yubo said during an interview with Chinese state media anchor Kate Kui.

Rechargeable batteries and photovoltaic made up 7.29% of BYD's revenue pool in 2021, dwarfed by the more than 50% share taken up by automobiles and related products, according to the company's latest annual report.Download NBC 5 Dallas-Fort Worth

 

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