Market Chatter: BYD, SAIC Motor Ask Suppliers to Cut Prices as China's Price War Escalates

MT Newswires Live11-28

BYD (SHE:002594, HKG:1211) and SAIC Motor (SHA:600104) have asked suppliers to lower their prices amid the escalating price war in China's vehicle market, Reuters reported Wednesday.

BYD had asked an unidentified supplier for a 10% price reduction starting Jan. 1, 2025, while SAIC Motor's Maxus unit asked its suppliers to help it cut costs by 10%, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $278.50, Change: $-2.5, Percent Change: -0.89%

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