BYD asks suppliers to cut prices as China auto war intensifies

A visitor photographs a BYD Seal EV at the Automechanika trade show in Frankfurt, Germany, on Sept. 13, 2024. (Felix Schmitt/The New York Times)

BEIJING: 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.

Citing a leaked email dated Nov. 26 from BYD, Chinese digital news outlet thepaper.cn reported on Wednesday that the Chinese electric vehicle giant had asked one unidentified supplier to reduce its prices by 10% from Jan. 1.