“Eleven leading Chinese battery manufacturers, including CATL and BYD, vow to pay small and medium suppliers within 60 days to boost supply chain efficiency amid rising competition.”
Eleven major Chinese battery manufacturers, including CATL, BYD, and CALB, have pledged to pay small and medium-sized suppliers within 60 calendar days. This initiative aims to improve supply chain efficiency and support smaller suppliers facing a challenging market environment.
The commitment comes as competition intensifies in China's battery industry, pushing leading firms to secure stable and timely parts supply by expediting payments.
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