Leaked BYD Note Signals EV Price War About to Intensify
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A leaked letter indicates that BYD Co. is asking suppliers to accept price cuts, suggesting an intensification of the EV price war. This move could have significant implications for the auto industry, especially in light of potential tariffs from President-elect Donald Trump.
November 27, 2024 | 3:00 pm
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BYD Co. is preparing for an intensified EV price war by asking suppliers to accept price cuts. This could impact BYD's pricing strategy and market position.
The request for supplier price cuts suggests BYD is preparing to lower its own prices to remain competitive in the EV market. This could pressure margins and affect stock prices negatively in the short term.
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