BYD insists price reduction requests can be negotiated and are not mandatory. The leading Chinese EV maker is on track to sell 4 million vehicles this year. Smaller automakers struggle to survive as China’s EV price wars continue to intensify.

BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.

BEIJING (Reuters) -Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate. Citing a leaked email dated Nov.