byd

China’s electric vehicle giant BYD’s recent demand for a 10% price reduction from suppliers has sparked intense discussion within the automotive industry. While annual price negotiations are common practice, the scale and approach of this particular request warrant careful examination.

In a striking demonstration of technological ambition, BYD (Build Your Dreams) has allocated 33.32 billion yuan to research and development in the first three quarters of 2024, surpassing its net profit by 8.