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Thursday, November 28, 2024

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

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 …

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