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BYD, Rumored to Ask Suppliers for 10% Price Cut, Says Annual Price Talks w/ Suppliers Are Standard Practice
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Recently, an email has been circulating online saying that BYD COMPANY (01211.HK) requested suppliers to reduce product prices by 10% from January 1, 2025. In response, Li Yunfei, General Manager of BYD's Brand and PR Department, stated on Weibo that annual price negotiations with suppliers are a common practice in the automotive industry. The group set a price reduction target for suppliers based on large-scale procurement, which is not a mandatory requirement and can be negotiated collaboratively. AAStocks Financial News |
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