【Key Point】BYD Leads the Auto Industry Price Drop! 🚗💨

The auto price war is here again! Suppliers cut prices by 10%?

Folks, big news in the car circle! BYD, the car industry leader, has already sent a price reduction signal to suppliers. Next year, the competition in the auto industry will enter a white-hot phase, and those who don't reduce prices will be out! 🏁💥

🔍【Industry Status】
BYD's monthly sales have broken 500,000, which is more than the sum of Tesla, Li Auto, NIO, and Xiaomi. The biggest gold owner in the new energy industry chain wants to cut prices, and the entire industry chain will shake. BYD officially responded that annual price negotiation is an industry practice, and everything can be negotiated on a large-scale purchase basis.

🛠️【Supplier Challenge】
Suppliers are facing dual pressures of technological innovation and management enhancement, either to roll over or starve to death. The reduction of component costs provides a basis for car price reduction, and cars will be cheaper in the future.

🚧【Quality Concerns】
However, will price reduction sacrifice product quality? Will it lead to bad money driving out good money? These are all unknowns.

💼【Industry Profit】
The auto industry has gone from huge profits to meager profits, with a profit rate of 4.6% in the first nine months, lower than the average rate of 6.1% for industrial enterprises. If companies don't make money, workers' incomes in the automotive industry will be affected.

🔮【Future Forecast】
According to the president of Changan Automobile, among China's 71 passenger car brands, only three are profitable. In the future, more than 80% of car brands will close or transform, with at least fifty to sixty brands going out of business. Who will be the first to fall?

📸First Image Suggestion: An image of a BYD car with a background of supply chain icons and price reduction tags, highlighting the urgency of price reduction in the auto industry and the fierce competition.

November 28,24 Car BYD NewEnergy

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