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China's EV Makers Are Having More Trouble Paying Their Bills And Now Take 2 To 3 Times Longer Than Tesla Does
20 May 2024 | Abstracted from Fortune
"Nio Inc. was taking around 295 days to clear its receipts payable, the vast majority of which are owed to suppliers, at the end of 2023 versus 197 days in 2021... Xpeng Inc., another US-listed Chinese EV maker, was taking 221 days to honor its obligations to vendors and related parties, up from 179 days
" Tesla Inc., by comparison, only took around 101 days, and that period has remained largely stable in the past three years"
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