Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.

China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.

China’s electric vehicle market is the world’s largest — and its most cutthroat, with dozens of brands jostling for position.

BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.

On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025. Following this, SAIC Maxus has reportedly launched a similar initiative, also targeting a 10% cost cut across its upstream...

BEIJING - BYD has asked suppliers to accept price cuts in 2025, in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify. A screenshot of an email purportedly from the Shenzhen-based auto giant “Annual bargaining with suppliers is a common practice in the automotive industry,

We'll start with BYD and these potential price cuts. What level are we talking about here and what does this mean for both the Chinese EV market and the global? Who would even be riding with its advantages in supply chain and battery technology?