BYD pushes payment to suppliers to 275 days. Borrowing from the supply chain hides their debt burden and creates conditions that may cause a systemic collapse, taking their suppliers with them.
BYD pushes payment to suppliers to 275 days. Borrowing from the supply chain hides their debt burden and creates conditions that may cause a systemic collapse, taking their suppliers with them.
It’s BYD, but the Chinese government supports BYD, so the government is part of it.
Here’s a video that shows how zero mileage 2nd owner Chinese EV’s exist because these Chinese companies are just gaming the government subsidies.