Some Chinese Automakers Are Being Slow In Paying Their Suppliers
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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 invoice.
In this video I discuss how automotive is a high expense industry and this is why cash flow is vital. We also have the defense against certain markets. These companies are basically dependent upon the Chinese market since they have few sales outside right now. This market is termed a "blood bath".
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