BYD reportedly asking demanding price reductions from suppliers
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BYD Co, a Chinese electric vehicle manufacturer, is reportedly asking its suppliers for price reductions, focusing on electric control units and sensors. This move could potentially expand to other supplier categories.
November 29, 2024 | 8:15 am
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BYD Co is reportedly asking its suppliers for price reductions, which could affect its cost structure and supply chain dynamics.
BYD's request for price reductions from suppliers could lower its production costs, potentially improving margins. However, it may also strain supplier relationships, affecting supply chain stability.
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