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BYD Secretary Li Qian: BYD's Payment Terms Compare Favorably with Peers
1 day ago /
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Author：小编
On June 6, BYD Secretary Li Qian addressed investors' concerns regarding the management of supply chain relationships. He noted that within the supply chain, many peer companies have longer payment terms than BYD, and this trend extends to the automotive industry as well. Some competitors have payment terms exceeding 200 days. Li Qian emphasized that as a company experiencing rapid growth, BYD has strategically reduced the number of suppliers in recent years while simultaneously increasing the procurement volume from individual suppliers. The company focuses on selecting suppliers that possess the capabilities for scalable growth, rapid iteration, and significant cost reduction, enabling them to excel in a competitive market.
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