<ul data-eligibleForWebStory="false"><li>Xpeng Motors CEO confirms the company has introduced additional protocols with suppliers to ensure timely payments within 60 days in response to regulatory demands.</li><li>The Chinese electric vehicle maker has informed some suppliers about signing supplementary agreements to shorten payment cycles, following new regulations introduced in March.</li><li>Xpeng has started adjusting and implementing its payment terms after internal discussions, as mentioned by CEO He Xiaopeng in a post on Weibo.</li><li>Chinese regulators mandated established companies to settle supplier payments within 60 days starting from June 1, amid efforts to curb a price war affecting the supply chain in the automotive sector.</li></ul>

China’s Xpeng signs additional protocol with suppliers to make timely payments

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