China's BYD says to 'actively respond' to supplier payment initiative

Core Viewpoint - BYD has announced its commitment to actively respond to an industry initiative aimed at establishing rules for automakers to ensure timely payments to suppliers, aligning with government compliance efforts [1] Group 1 - BYD is joining other automakers in this initiative, indicating a collective industry effort to improve supplier payment practices [1] - The initiative is part of a broader government effort to regulate the automotive supply chain and enhance financial stability within the industry [1]