极越停摆半年后，被拖欠3700万的供应商：不会再冒险垫资

Core Viewpoint - The automotive company Jiyue, backed by Baidu and Geely, is facing severe financial difficulties, including a significant debt to suppliers and a potential restructuring plan to regain market confidence [1][2]. Group 1: Company Situation - Jiyue Automotive has been listed as a dishonest executor by the court due to a debt of 37 million yuan owed to suppliers [1]. - The company has experienced massive layoffs and a severe cash flow crisis, leading to a prolonged operational halt [1]. - Suppliers are actively seeking legal recourse to recover their debts, indicating a breakdown in trust and financial stability within the company [1]. Group 2: Supplier Impact - Suppliers, like Li Hongxing, have faced significant financial strain due to unpaid debts, leading to a reevaluation of their business models to avoid future risks [2]. - The automotive industry is characterized by an imbalance of power between car manufacturers and suppliers, with many suppliers being in a vulnerable position [2]. - The increase in accounts receivable due to unpaid debts is causing financial difficulties for suppliers, impacting their operations and overall industry health [2]. Group 3: Potential Recovery - There are indications that Jiyue may not go bankrupt, as restructuring discussions are underway with several potential partners [2]. - The company’s product quality and reputation remain strong, suggesting that with effective restructuring, consumer confidence could be restored [2]. - A recent commitment from 17 major car manufacturers to standardize payment terms to within 60 days may help alleviate some financial pressures on suppliers [2].