Chinese EV maker BYD asks dozens of suppliers for price cuts, Yicai reports

BEIJING (Reuters) – Chinese electric vehicle maker BYD (SZ:002594) has requested price cuts from dozens of its suppliers, state-owned news outlet Yicai reported on Friday citing unidentified sources.

The automaker mainly sent requests to suppliers of electric control units and sensors but could send more to some of its over 8,000 suppliers in other categories, Yicai said.

BYD did not immediately respond to Reuters’ request for comment.