China’s BYD sets negotiable price reduction targets for suppliers

BEIJING (Reuters) – Chinese automaker BYD (SZ:) has set negotiable price reduction targets for suppliers of large-scale purchases, a BYD executive’s post on social media platform Weibo (NASDAQ:) shows.

The notice was posted on the Weibo account of BYD’s Group-Brand and Public Relations Department general manager.

BYD did not immediate respond to a request for comment.