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Chinese automotive giant BYD requested its electric vehicle suppliers to reduce costs by 10% per unit from Jan. 1, 2025.
BYD‘s move was disclosed as screenshots of an internal email widely circulated on Chinese social media platforms by Nov. 26.
According to leaked emails, BYD emphasizes the growing competition in the new energy vehicle (NEV) market in 2025 and stresses the need for its supply chain to collaborate on cost…
