BYD asks suppliers to cut prices as China EV market set to see tougher competition

by Newsroom


is asking some of its passenger car suppliers to lower their parts quotes, as it expects competition in the NEV market to be fiercer in 2025.

(A BYD Yuan Up on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost)

BYD (HKG: 1211, OTCMKTS: BYDDY) is asking some of its suppliers to lower their product quotations starting next year, signaling a possible continuation of price…



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