BUZZ-BYD's Shenzhen stock at 2-month low on report of seeking price cuts

Reuters11-28
BUZZ-BYD's Shenzhen stock at 2-month low on report of seeking price cuts

** Shenzhen-listed shares of BYD 002594.SZ slip ~2% to 275.77 yuan, lowest since Sept. 27

** Chinese automaker is asking suppliers to cut prices, thepaper.cn reports citing a BYD email, in a sign that brutal price war in world's largest auto market is set to escalate

** Reuters couldn't verify the email, screenshots of which were widely shared on social media

** BYD did not respond to Reuters' request for comment

** Co's H-shares 1211.HK slide 2.6% to HK$252.20

** Rivals NIO 9866.HK down 2.4%, SAIC Motor 600104.SS eases 2.1%, Leapmotor 9863.HK slips 1.6%, Xiaomi 1810.HK falls 0.4% and Xpeng 9868.HK dips 0.1%

** YTD, BYD's Hong Kong stock up 17.7% vs Shenzhen shares' 39.4% gains

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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