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[Hong Kong Stock Connect] BYD (01211) has issued cost reduction requests to dozens of suppliers, mainly electronic control and sensors suppliers.
Jingu Finance News | According to Yicai's report, an insider at BYD (01211) stated that BYD has a total of over 8,000 suppliers, with less than 1% of suppliers receiving cost reduction notification emails. Another BYD insider revealed that the cost reduction plan is being implemented in a rhythmic manner by sector, with the cost reduction request emails mainly sent to electronic control and sensors suppliers, numbering in the tens; it may expand to other sectors in the future. A BYD supplier confirmed to reporters that they received an email from BYD requesting a 10% price reduction, but the company has not agreed yet and is still negotiating with BYD. "If BYD could offer more"
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Zhitong Hong Kong Stock Short Selling Statistics | November 29
Hong Kong stock short-selling statistics | November 29.
The market is buzzing about BYD's "price reduction ultimatum": behind the industry's sales boom, the profit dilemma remains difficult to overcome.
① The market is buzzing about BYD's "price cut ultimatum"; what impact does it have on the autos stock market? ② Behind the industry's sales prosperity, the profit dilemma is hard to break; what indicators are investors paying attention to?
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
BYD May Break Volkswagen's China Sales Volume Record in 2025 -- Market Talk
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