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RE: Some Chinese Automakers Are Being Slow In Paying Their Suppliers

in LeoFinancelast year

That is very interesting. They don't have enough liquidity to pay their suppliers immediately? This feels a little bit like a house of cards. If these EV makers get a really bad year, the suppliers are affected, and it can have a cascading effect.

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With large corporations, it might be a cashflow issue...

Or it might be the fact they can get away with delaying the payments.

Fortune 500 companies are notorious slow payers. It effectively becomes an interest free loan.