Leaked BYD Letter Signals China EV Price War Is Set to Intensify
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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.
A screenshot of an email purportedly from the Shenzhen-based auto giant was circulating on social media Wednesday, demanding 10% price cuts from an unnamed supplier from January.