10+ Chinese Automakers Promise Shorter Payment Periods as Pressure Mounts on Suppliers · TechNode

BYD to face cost pressure as Beijing pushes quick supplier payments

TOKYO -- China is tackling the cash flow crisis at smaller companies by pressing their big clients to pay bills faster, starting with the EV industry,

10+ Chinese automakers promise shorter payment periods as pressure mounts on suppliers · TechNode

More than a dozen major Chinese automakers, including BYD, Geely and Xiaomi, have pledged to settle payments to their suppliers within 60 days — the latest development as Beijing vows to take strict measures to contain increasingly disorderly, vicious competition in the auto industry. The commitments align with new rules introduced in March and effective this month by Chinese authorities aiming to curb extended payment cycles for small and mediu…

China’s brutal EV price war is raising quality fears

An extreme discount war on electric vehicles has Beijing worried about a race to the bottom and damage to its international “Made in China” brand.

Chinese authorities caution BYD, rivals to self-regulate as price war intensifies

Geely Defies Global Expansion Pause with Plans for New Auto Plant in Vietnam

read the original version on: www.retailnews.asia Geely’s ambitious plan is to construct a US$168-million manufacturing plant in northern Vietnam is set to unfold as scheduled, despite broader concerns cast by its chairman and founder, Li Shufu. Just last Saturday, Shufu pointed out the global automotive industry is grappling with a “serious overcapacity,” leading Geely to pause new plant constructions and expansions […] The post Geely Defies Gl…