Summary China’s largest automakers—including BYD, Geely, Nio, Xpeng, Li Auto, Xiaomi, GAC, FAW, Changan, and Chery—have pledged to pay their suppliers within 60 days. The move comes in response to government directives and growing industry concerns about protracted payment cycles exacerbated by aggressive price-cutting tactics in the EV market. What’s Driving the Change Industry Voices…
Less than a year after coming out of retirement, Kelly Ortberg stepped in as CEO of Boeing in August 2024 amid turmoil—deep financial losses, reputational damage, and a fractured corporate culture. Ten months into his mandate, he’s steering the company through a critical transformation: 🔧 Stabilizing finances & boosting production 🤝 Rebuilding trust with regulators,…
Trump-Xi Call Fails to Resolve Looming Critical Mineral Shortage A recent phone call between U.S. President Donald Trump and Chinese President Xi Jinping aimed to ease trade tensions and address the ongoing critical mineral shortage. While both leaders agreed to resume trade talks, the conversation did not yield concrete solutions to the pressing issue of…
European Union businesses are urging China to establish a special “fast-track” or “white list” channel for rare earth export licenses for trusted companies amid mounting global supply chain disruptions. At a recent meeting with China’s Ministry of Commerce, EU executives expressed concerns that stringent Chinese export controls—initially targeted at the US—have slowed deliveries to manufacturing…
