BYD’s Intense EV Price War Pressures Suppliers Amid China’s Deflationary Squeeze
China’s electric vehicle giant BYD is slashing prices to unprecedented lows, such as offering a starter EV for under $8,000, but this aggressive strategy is forcing suppliers to endure severe financial strain through delayed payments and relentless cost cuts. According to The Wall Street Journal, suppliers report that BYD often issues electronic IOUs instead of…