Mortgage activity hits 22-year low as rising rates bite housing market

Reuters

BYD executive says it will supply batteries to Tesla ‘very soon’

China’s BYD is preparing to supply Tesla Inc with batteries “very soon”, a senior company executive told a state media anchor in a video released early on Wednesday. “We are now good friends with Elon Musk because we are preparing to supply batteries to Tesla very soon,” said Lian Yubo, BYD’s executive vice president in an interview with Kui Yingchun, an anchor with China’s state-owned broadcaster CGTN. BYD and Tesla did not immediately reply to requests for comment.

Mortgage activity hits 22-year low as rising rates bite housing market

BYD executive says it will supply batteries to Tesla ‘very soon’

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