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.

Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate.

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...

Some Chinese parts suppliers have expressed their dissatisfaction over a recent request from BYD to cut their prices by 10% starting next year, saying any

Chinese electric vehicle maker BYD , has requested price cuts from dozens of its suppliers, state-owned news outlet Yicai reported on Friday citing unidentified sources.

The world’s largest manufacturer of electrified vehicles says it regularly requests price reductions from key suppliers as part of its annual negotiations