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BYD COMPANY Reportedly Moves Away from Using 癒瞼Dilian癒礎 for Supplier Payments
2025-11-14 15:04:18 BYD COMPANY (01211.HK) has informed certain suppliers that it wishes to cease using the ‘Dilian’ commercial paper system for supplier payments, opting instead to utilise commercial paper or bank notes for supplier payments, Reuters quoted sources as saying. The ongoing price war within China's auto sector is severely affecting parts suppliers, who face increasingly prolonged payment cycles and mounting pressure from carmakers to reduce costs. It is understood that BYD COMPANY has gradually ceased issuing accounts receivable vouchers to suppliers via ‘Dilian’ platform over the past 2 weeks, instead utilising bank notes or commercial paper. ~ AAStocks Financial News Website: www.aastocks.com | |