SAIC’s Maxus Teams Up with BYD to Demand Major Price Cuts from Suppliers

In an ambitious move reflecting the ongoing shifts in the automotive industry, SAIC Motor Corporation's Maxus brand has joined forces with BYD Auto to exert pressure on their suppliers for a significant 10% reduction in component prices. This collaborative effort signifies a broader strategy among major automotive manufacturers to manage costs amid rising inflation and supply chain challenges.

Continue reading