South Korea’s POSCO, one of the biggest steel-making company in the world, has reportedly signed an important memorandum of understanding (MOU) to supply Tesla’s Model 3 program with steel for the upcoming vehicle’s A pillars, which support both sides of the front windshield. and potentially more parts to come.

Update: Tesla denies having signed a MOU. A spokesperson said: “We have not signed an MOU with POSCO”.

Update 2: POSCO now also denies an MOU agreement with Tesla. expand full story