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BYD vows timely supplier payments as China scrutinizes automakers

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Several government-backed automakers also pledged to standardize bill payment for suppliers to 60 days.
BYD, a leading Chinese electric vehicle manufacturer, has committed to making timely payments to its suppliers amid increased scrutiny from Chinese authorities on the payment practices of automakers. This assurance comes as part of a broader effort to maintain stability in the supply chain and support the growth of the EV sector in China. The company's pledge follows reports of delayed payments by some automakers, prompting the government to investigate and ensure fair treatment of suppliers. BYD's proactive stance is seen as a move to reinforce its reputation and sustain strong relationships with its supply network, crucial for its ongoing expansion and innovation in the competitive EV market.

Read the Full Fortune Article at:
[ https://fortune.com/asia/2025/06/11/byd-vows-timely-supplier-payments-as-china-scrutinizes-automakers/ ]