Two major Chinese industry associations are urging power and energy storage battery manufacturers to shorten payment terms for suppliers to 60 days and pay in cash. The initiative aims to ease financial strain on upstream suppliers amid industry imbalances.
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Chinese Battery Makers Asked to Pay Suppliers Faster
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Two major Chinese industry associations are urging power and energy storage battery manufacturers to shorten payment terms for suppliers to 60 days and pay in cash. The initiative aims to ease financial strain on upstream suppliers amid industry imbalances.
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The initiative aims to ease financial strain on upstream suppliers in the power and energy storage battery industry.
Manufacturers are being urged to shorten payment terms for suppliers to no more than 60 days and to settle accounts exclusively in cash.
The initiative is backed by the Chinese government and two major Chinese industry associations.
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Chinese Battery Makers Asked to Pay Suppliers Faster