Chinese electric vehicle (EV) battery manufacturers have made a significant commitment to improve their relationships with suppliers, pledging to pay them more quickly and increase transparency in their business dealings. This move comes as the industry continues to grapple with supply chain issues and concerns over the treatment of small and medium-sized enterprises (SMEs) that provide critical components for EV batteries. By paying suppliers more promptly, Chinese EV battery makers aim to reduce the financial strain on these businesses and foster a more stable and reliable supply chain. The development is seen as a positive step towards addressing the sector's long-standing issues with supplier payments, which have been a major source of frustration for many companies in the industry.
Chinese EV battery makers pledge to pay suppliers more quickly The Standard (HK)
