China’s Chery shortens supplier payment period to 47 days

Published 25/08/2025, 10:56
China’s Chery shortens supplier payment period to 47 days

Investing.com -- Chinese automaker Chery has reduced the average payment period to its suppliers to 47 days, the company announced Monday.

The automaker said this move helps alleviate financial pressure on its suppliers.

The announcement comes after China’s industry ministry stated in July that it would accept complaints from auto suppliers if major Chinese automakers failed to honor their commitment to timely payments.

Multiple Chinese auto manufacturers had previously pledged to make payments to suppliers within 60 days.

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