SHANGHAI (Reuters) – China’s BYD has plans to provide Tesla Inc (NASDAQ) with its batteries soon, a company executive stated in a video that was released Wednesday morning.

Lian Yubo (BYD’s Executive vice president) said that they are good friends now with Elon Musk as we prepare to supply Tesla with batteries soon.” Kui Yingchun was an anchor at China’s state-owned broadcaster CGTN.