Tesla China's payment cycle to suppliers shortened to 90 days, exec says

CnEVPost11-28 17:25

Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao. (A Tesla Model Y on display at the June ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486395387?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-28 17:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486395387","market":"us","top_or_hot":-1,"title":"Tesla China's payment cycle to suppliers shortened to 90 days, exec says","media":"CnEVPost","content":"<div>\n<p>Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.\n(A Tesla Model Y on display at the June ...</p>\n\n<a href=\"https://cnevpost.com/2024/11/28/tesla-china-payment-cycle-to-suppliers-90-days/\">Source Link</a>\n\n</div>\n","source":"cnevpost_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla China's payment cycle to suppliers shortened to 90 days, exec says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla China's payment cycle to suppliers shortened to 90 days, exec says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-28 17:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/11/28/tesla-china-payment-cycle-to-suppliers-90-days/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.\n(A Tesla Model Y on display at the June ...</p>\n\n<a href=\"https://cnevpost.com/2024/11/28/tesla-china-payment-cycle-to-suppliers-90-days/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1914381329.SGD","symbol_name":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","start_time":0,"source_url":"https://cnevpost.com/2024/11/28/tesla-china-payment-cycle-to-suppliers-90-days/","article_id":"2486395387","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486395387","pubTimestamp":1732785939,"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","NEV":"Nuveen Enhanced Municipal Value","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4550":"红杉资本持仓","BK4526":"热门中概股","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","NIO.SI":"蔚来","BK4551":"寇图资本持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1861215975.USD":"贝莱德新一代科技基金 A2","WRD":"文远知行","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","GRO":"Brazil Potash Corp.","LU1861558580.USD":"日兴方舟颠覆性创新基金B","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","TSLA":"特斯拉","BK4504":"桥水持仓","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","BK4574":"无人驾驶","09866":"蔚来-SW","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4516":"特朗普概念","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4592":"伊斯兰概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4532":"文艺复兴科技持仓","LU0823411888.USD":"法巴消费创新基金 Cap","NIO":"蔚来","BK4531":"中概回港概念","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","XPEV":"小鹏汽车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC"},"translate_title":"特斯拉中国高管称向供应商付款周期缩短至90天","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":1,"WRD":1,"TSLL":1,"TSLA":1,"NIO":1,"NEV":1,"GRO":1,"NIO.SI":0.6,"09866":0.6,"EVS.SI":0.6},"content_text":"Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.\n(A Tesla Model Y on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost)\nTesla (NASDAQ: TSLA) is seen as a carmaker that is relatively friendly financially for its supplier partners, and that has improved further this year.\nIn 2024, Tesla China's payment cycle to supply chain partners has been shortened again from last year, and now only takes about 90 days, Tesla's vice president of external affairs, Grace Tao, said in a Weibo post today.\nA chart she attached to her Weibo shows that Tesla's time for paying suppliers in 2023 were about 100 days, while four other unnamed new energy vehicle (NEV) makers were all over 150 days.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\n(Image credit: Grace Tao on Weibo)\nThe chart is based on one from a Bloomberg report published in May of this year.\nIn the May 20 report, Bloomberg said Nio (NYSE: NIO) was taking around 295 days to clear its receipts payable at the end of 2023, up from 197 days in 2021.\nXpeng (NYSE: XPEV) needed 221 days to fulfill its obligations to suppliers and related parties, up from 179 days in 2021, according to that May report.\nBYD (HKG: 1211, OTCMKTS: BYDDY) was at 275 days at the end of 2023, up from 198 days in 2021, according to the report.\nBy comparison, Tesla only took about 101 days, and that time has remained largely stable over the past three years, the report said.\nMore than 95 percent of Giga Shanghai's components come from local suppliers, and what Tesla has accomplished in China and around the world is closely tied to those partners, Tao said today, repeating the previously mentioned number.\nA company can only go further with its supplier partners and through technological innovation to increase efficiency and reduce costs, she said.\nOnly then will the industry prosper and consumers continue to get the best products, Tao said.\nTao's Weibo seems aimed at comparing Tesla China to local players including BYD (HKG: 1211, OTCMKTS: BYDDY) and SAIC Motor, at a time when they are demanding price cuts from suppliers.\nA leaked letter yesterday showed BYD asking some of its suppliers of passenger car products to cut prices by 10 percent from January 1, 2025, on the products they supply.\nAfter the letter sparked widespread discussion, Li Yunfei, BYD's general manager of branding and public relations, said in a Weibo post that annual bargaining with suppliers is a customary practice in the auto industry and is not mandatory.\nLater yesterday, China Securities Journal, citing documents obtained from auto supply chain sources, reported that SAIC Maxus, a subsidiary of SAIC Motor, also sent a letter to its suppliers on November 25, setting a target of reducing parts costs by 10 percent.\nIn the automotive industry, where such situations are common, suppliers can only do what they can to expand to as many customers as possible and spread the risk, Tencent News said in a report yesterday, citing an industry source.\nTesla now has over 400 tier-1 suppliers in China\n\n\n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n\n\n\n\n\n\nRelated posts on CnEVPost\n\n\n\n\n \n\n\nTesla now has over 400 tier-1 suppliers in China\n\n\n\n\n\n \n\n\nTesla offers limited-time discount on Model Y in China, extends 5-year, 0-interest financing to Dec 31\n\n\n\n\n\n \n\n\nTesla Model 3 wait time in China further shortened to 1-3 weeks\n\n\n\n\n\n \n\n\nAutomakers' share of China NEV market in Oct: BYD tops with 36.1%, Tesla 7th with 3.4%\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486395387"}