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A Chery logo is pictured at the Chery booth during a media day for the Auto Shanghai show in Shanghai, China April 24, 2025. Go Nakamura
A Chery logo is pictured at the Chery booth during a media day for the Auto Shanghai show in Shanghai, China April 24, 2025. Go Nakamura
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Chinese automaker Chery reduces supplier payment time to 47 days on average

August 25th, 2025 | 08:27 AM MARKETS Emerging Markets 1

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By Reuters

Chinese automaker Chery said on Monday it had shortened the average payment period to suppliers to an average of 47 days.

The move alleviates suppliers' financial pressure, the company said.

China's industry ministry said in July it would accept complaints from auto suppliers if major Chinese automakers fail to honor their commitment to timely payments, after multiple auto manufacturers vowed to make payments within 60 days.

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  • AUTOS/CHERY (URGENT)
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