Here's why China's EV makers have a good reason to delay paying bills

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Here's why China's EV makers have a good reason to delay paying bills - Business Standard

Quick Summary:

Novo Nordisk A/S, the maker of the blockbuster diabetes medication Ozempic, appears to have started stiffing its partners the minute the US Food & Drug Administration granted it approval to be used as a weight-loss drug in 2021, sending the stock soaring.

The biggest producer of electric cars last year was a “high accounting risk” because of the “unprecedented scale” of financing from its supply chain, analyst Nigel Stevenson wrote in a report this month.

That’s even the case if what they’re doing is the same thing BYD’s suppliers are doing: effectively providing their customer with an interest-free loan until they settle their account.