On September 15, the China Association of Automobile Manufacturers issued a statement to promote the implementation of the “Regulations on Ensuring Payments to Small and Medium Enterprises” within the automotive industry. The association proposed standardized guidelines regarding “payment-related content in procurement contracts between vehicle manufacturers and supplier enterprises.” The overarching principle of this initiative is to avoid leveraging the dominant position of large enterprises to harm the interests of suppliers, jointly build a collaborative and win-win development ecosystem between “vehicle manufacturers and parts suppliers,” and collectively drive the high-quality development of the automotive industry.
The initiative also advocates for establishing long-term, stable cooperative relationships between both parties, with each contract signed having a validity period of no less than one year.
In response, a relevant official from the Ministry of Industry and Information Technology stated that they support the China Association of Automobile Manufacturers in issuing the payment standardization initiative. The initiative clarifies requirements for goods delivery and acceptance, calculation of payment periods, reconciliation and settlement, and payment of funds. By detailing execution requirements, the initiative helps guide industry enterprises to fulfill their payment period commitments, playing a significant role in promoting the standardized development of the automotive industry.
Subsequently, several automakers responded to this initiative:
Chery Group: Responds to the Initiative to Further Standardize Supplier Payments
Chery Group stated that it actively responds to the “Automotive Vehicle Manufacturer Supplier Payment Standardization Initiative” issued by the China Association of Automobile Manufacturers on September 15. The company commits to standardizing contract terms in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract duration, implementing the requirements of the “Regulations on Ensuring Payments to Small and Medium Enterprises,” and building a collaborative and win-win development ecosystem between “vehicle manufacturers and parts suppliers.”
Li Auto: Will Continue to Fulfill the Commitment to Payment Terms Within 60 Days
Li Auto stated on September 15 that it will actively respond to the association’s initiative and the call from the Ministry of Industry and Information Technology, firmly implementing the ministry’s guiding principles. The company will continue to fulfill its commitment to payment terms within 60 days, strictly adhere to standards for timely goods acceptance and reconciliation and settlement, and ensure that partners can operate with peace of mind and achieve steady development.
Seres: Actively Responds to the Initiative to Jointly Promote Healthy Industry Development
Seres stated that it actively responds to the “Automotive Vehicle Manufacturer Supplier Payment Standardization Initiative” issued by the China Association of Automobile Manufacturers, calling for enterprises to strengthen self-discipline and jointly drive the high-quality development of the industry. The company is willing to work with industry peers to maintain a healthy and green development environment. Seres is committed to a symbiotic and win-win industrial ecosystem, jointly promoting the良性循环 development of the industry, and enhancing the competitiveness of the entire industrial cluster.
Changan Automobile: Has Fully Fulfilled the Commitment to 60-Day Payment Terms
Changan Automobile stated that, as of now, it has fully fulfilled its commitment to 60-day payment terms and has developed a standardized and efficient payment process for supplier货款.
GAC Group: Actively Responds to Industry Initiative and Upholds Commitments to Suppliers
GAC Group stated that it firmly supports the implementation of the relevant initiative and will take practical actions to promote the coordinated and healthy development of the upstream and downstream industrial chain. Looking ahead, GAC Group will continue to adhere to诚信经营 and standardized operations, uphold its solemn commitments to suppliers, and work with upstream and downstream partners to build an open, transparent,协同高效, and win-win automotive industry ecosystem.
BYD Auto: Actively Responds to the “Supplier Payment Standardization Initiative” to Continuously Drive High-Quality Industry Development
BYD Auto stated that it actively responds to the “Supplier Payment Standardization Initiative,” implements the requirements of the “Regulations on Ensuring Payments to Small and Medium Enterprises,” and focuses on key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract duration. Through continuous technological innovation and management optimization, the company will work with upstream and downstream partners to jointly build a collaborative and win-win development ecosystem for BYD Auto and promote the high-quality development of China’s automotive industry.
NIO: Actively Responds to the “Automotive Vehicle Manufacturer Supplier Payment Standardization Initiative” Issued by the China Association of Automobile Manufacturers
NIO stated that it actively responds to the “Automotive Vehicle Manufacturer Supplier Payment Standardization Initiative” issued by the China Association of Automobile Manufacturers. NIO is committed to becoming a user enterprise领先 in technology and experience, existing for user satisfaction. Through technological innovation, it
