China's BYD denies media report on Tesla ending battery supply cooperation

Chinese electric vehicle and battery maker BYD Co Ltd on Tuesday said a media report saying U.S. peer Tesla Inc is ending cooperation on battery supplies is false.

The Korean Economic Daily on Sunday cited industry sources as saying Tesla had not ask BYD for an additional supply of batteries for certain Tesla Model 3 vehicles after their supply deal expired earlier this year.

The report "is not in line with the actual situation", BYD said in a statement to Reuters.