ELECTRIC VEHICLE - JAKARTA. GUANGZHOU. The ability of several Chinese electric vehicle (EV) manufacturers to pay their debts to parts suppliers is dwindling, with Nio Inc. serving as a prime example.
According to a report by Bloomberg on Monday (20/5), Nio's time to pay off its debts to EV parts suppliers reached 295 days in 2023, a significant increase from the 197 days it took in 2021.
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