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BYD has issued cost reduction requests to dozens of suppliers. The cost reduction requests are mainly sent to suppliers of electronic control and sensors via email.
Golden Ten Data reported on November 29 that BYD insiders said that BYD has more than 8,000 suppliers, and less than 1% of suppliers have received cost reduction notices. Another BYD insider revealed that the cost reduction plan is promoted in a rhythmic manner according to the field, and the cost reduction request email is mainly sent to electronic control and sensor suppliers, the number of which is dozens; In the future, it is not ruled out that it will expand to suppliers in other fields. A BYD supplier confirmed to reporters that it had received an email from BYD requesting a 10% price reduction, but the company did not agree at present and was still negotiating with BYD. "If BYD can give more orders, it can consider negotiating to reduce costs, but with the current order volume, the price will be reduced by another 10%, and the company is losing money and making money." The person said. A number of BYD suppliers told reporters that Di Chain is a financial information platform promoted by BYD to suppliers, and Settlement is carried out with Di Chain vouchers to suppliers, and the payment cycle is usually 6 months. Since the DiChain voucher cannot be directly circulated among the secondary suppliers, it can only wait until the maturity to get the payment, which is equivalent to extending the payment cycle.