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Second-Tier Battery-Maker Is Running Out of Juice as NEV Shakeout Accelerates

2020年06月16日 19:28 来源于 财新网
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BAK Power struggles to pay a growing number of its suppliers as the company tries to collect more than $120 million owed by two of its biggest customers
As sales decline and companies are forced to survive on their own, names like BAK, Hawtai and Zotye are being forced to the brink of extinction.

Second-tier battery-maker BAK Power is struggling to pay its component suppliers, in the face of a cash crunch after two of its largest customers, both new-energy vehicle (NEV) makers, failed to pay more than 900 million yuan ($127 million) in bills.

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