Major Chinese automakers meet pledges for timely supplier payments
Most major Chinese carmakers now pay suppliers within 54 days on average. This follows a June pledge to settle debts faster amid intense industry price wars.
Insights:
A survey by the China Association of Automobile Manufacturers has found that most major Chinese automakers have met their June pledges to settle supplier payments within 60 days. The findings show that average payment times have dropped to approximately 54 days, a significant reduction from previous cycles. This development is particularly noteworthy in China 
CN, where four of the surveyed automakers achieved average payment times of under 50 days.
CN, where four of the surveyed automakers achieved average payment times of under 50 days.
