Some Chinese Automakers Are Being Slow In Paying Their Suppliers by @taskmaster4450le on 3Speak
▶️ Watch on 3Speak --- Reports are some Chinese EV makers, NEO and Xpang in particular, saw their payment times to their suppliers increase drastically. Neo is reported to take a year to pay an inv...
Tags: #leofinance #chinese #evs #xpang #neo #archon #mancave #neoxian
@outwars: 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.
@shawnnft: damn a year to pay off an invoice lol thats sad
@krish.kumar: NEO and Xpeng's concerning payment delays draw attention to cash flow problems in the pricey car sector. Their reliance on the extremely competitive Chinese market raises their risk profile financially. nice video