BYD shifts away from in-house payment system that strained suppliers: Reuters

BYD shifts away from in-house payment system that strained suppliers, sources say

China's BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said - a seismic shift away from a practice that helped power its rise but has been criticised for disadvantaging its parts makers.

China's BYD to phase out in-house D-Chain payments as supplier pressure mounts

China’s electric vehicle giant BYD (BYDDF) is shifting away from its in-house payment system called Dilian, which it used to pay suppliers through promissory notes. Plans to use commercial paper or bank notes for supplier payments

BYD COMPANY Reportedly Moves Away from Using ‘Dilian’ for Supplier Payments

BYD COMPANY (01211.HK) has informed certain suppliers that it wishes to cease using the ‘Dilian’ commercial paper system for supplier paym...

BYD moves away from in-house payment system as supplier pressure mounts

Under the new approach, BYD plans to use commercial paper or bank notes instead of Dilian’s electronic IOUs, which carry higher default risks an...

BYD (BYDDF) Transitions from In-House Payment System Amid Regula

Key Takeaways: BYD (BYDDF) is transitioning from its internal payment system to commercial paper or bank notes to comply with new regulatory requirements.