[Honda China Responds to Exposure Requiring Suppliers to Significantly Cut Prices] September 2, today, it was reported that Honda has issued instructions to suppliers requiring them to significantly reduce prices. Honda plans to cut the cost of some key components by 30%, including components related to software-defined cars. In this regard, Honda China told reporters: "This is not something officially released by Honda. Regarding cost optimization activities, Honda has been committed to joint innovation and cooperation with suppliers and continues to carry out relevant work in order to enhance its competitiveness in global R&D, production and procurement." (Yicai Global)