Chinese Automakers Pledge Faster Supplier Payments as Price Wars Intensify

China auto stocks rise as they pledge faster supplier payments

Chinese automakers pledge faster supplier payments as price wars intensify

Beijing crackdown comes amid fears cut-throat competition is hurting sector

BYD and other mainland carmakers pledge to speed up payments to suppliers

The 14 carmakers say the move came as a result of regulatory guidance on the sustainable development of China’s auto sector.

Under Fire, Chinese Carmakers Promise Prompter Payment for Suppliers

Under Fire, Chinese Carmakers Promise Prompter Payment for Suppliers - More than a dozen companies made the promise amid an official backlash about fallout from the ongoing price war

China Carmakers to Pay Suppliers on Time as Price War in Focus

Chinese Carmakers Are Now Consolidating For The First Time

Chinese carmakers are starting to consolidate amidst a continued price war that highlights extreme overdemand and a weakened demand in mainland China. A report published by Bloomberg warns that Chinese carmakers are starting to feel the pinch, slicing into the profits of even the strongest brands, while also forcing smaller ones to fold.Read More »