China’s EV price war is so brutal that BYD is trying to pinch its suppliers
Uniunea Europeana
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects. BYD, Tesla’s main rival, asked a supplier to cut its prices by 10% next year, in widely
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