Sensata confirmed that it had received BYD's price reduction letter and said it was an industry practice

Sensata, the world's leading industrial sensor giant, confirmed that it had received BYD's price reduction letter. In response, Li Yunfei, general manager of BYD's brand and public relations department, responded on Weibo that annual price negotiations with suppliers are a common practice in the automotive industry. Sensata is a world-leading industrial sensor giant dedicated to developing sensor-based solutions such as sensors, controllers and software. Its sensor products are widely used in multiple industries such as automobiles, aircraft, industry, heavy vehicles, off-road vehicles, HVAC and ships.