BYD changes payment scheme with suppliers

BYD has notified some of its partners of its intention to abandon internal financial bills issued through its own Dilian platform. These electronic promissory notes have been actively used since 2018, helping the company control costs, but have caused dissatisfaction among component manufacturers due to increased risks and difficulties in cashing them.

According to sources, the auto giant wants to switch to commercial paper or bank notes, as other Chinese automakers do. The decision coincided with a protracted price war in the domestic market, which has put pressure on suppliers' prices and extended payment terms. This has forced the authorities to tighten payment requirements in an effort to improve financial discipline in the industry.

BYD says that Dilian complies with regulations and that the company is speeding up payments, but does not comment on plans to abandon the platform. Experts note that switching to regulated instruments may complicate cash flow management at a time when sales are slowing, profits are shrinking, and the company is preparing for large-scale foreign investment.

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