BYD will intensify price competition: It asked for discounts from suppliers
See Full Size
According to an e-mail leaked by the Chinese news site thepaper.cn, BYD has been receiving payments from an unnamed supplier since January. 10% price discount demands that he do it. Li Yunfei, BYD’s public relations and brand director, responded to the leak in a Weibo post, saying that annual price negotiations with suppliers It is a common practice in the automotive industry and said that these demands could be negotiated.
BYD is one of the main actors of the intense price war in the electric vehicle market in China. Especially challenging for small companies and bankrupt It looks like this war will continue next year.
BYD’s sales are increasing rapidly
BYD tops China’s auto sales rankings in first nine months of year ranked at the top with a market share of 15.8 percentin the electric and rechargeable hybrid vehicle market more than one third share in possession. The company’s global automobile sales amount this year 4 million about to reach. BYD still sells more than 90% of its vehicles in China, but aims to expand into Europe and other markets despite high tariffs. The company’s export target this year was determined as 450,000 units.
in Turkey too Production facility for 150 thousand vehicles BYD, which has an investment in Turkey, launched its 4 models in Türkiye last week and due to having an incentive certificate, 40% duty free although he explained It attracted the reaction of car lovers with its high prices.
This news our mobile application Download using
You can read it whenever you want (even offline):
