[Beijing Kairui Clarifies: Tesla Procurement Deal Is Non‑Binding, Uncertain]

Published: May 31, 2026 20:44

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Beijing Kairui clarified that its procurement agreements with Tesla are only intent‑based and not legally binding. The company plans to buy energy storage systems from Tesla (2026‑2028), but performance faces significant uncertainty. The company posted a net loss of RMB 23.9 million in Q1 2026, down 326% YoY. Its fundamentals remain weak, and the current stock price is disconnected from earnings. Investors should beware of risks.

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