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Article Summary
- Chinese EV carmakers are pressuring suppliers for discounts to compete in a price war
- This move is driven by increased competition in the EV market in China
- Suppliers are feeling the squeeze as they are forced to lower prices to maintain relationships with carmakers
- The price war is expected to continue as more Chinese EV companies enter the market
- The overall tone of the article is competitive and focused on the challenges faced by suppliers in the EV industry in China.
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Chinas Carmakers Dont See The Countrys Fierce Price War Ending Anytime Soon As They Press Suppliers For Discounts
Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.
https://fortune.com/asia/2024/11/28/china-ev-carma...
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