Group 1 - Nine automotive manufacturers, including NIO, Great Wall Motors, Xiaomi Auto, and others, have committed to implementing the "Supplier Payment Norms Initiative" to foster a collaborative ecosystem between vehicle manufacturers and parts suppliers [1] - A total of 17 automotive companies have now made clear commitments regarding payment terms, indicating a unified effort to promote high-quality development in the automotive industry [1]

Core Viewpoint - A total of 17 automotive companies have committed to implementing the "Automobile Complete Vehicle Enterprises Supplier Payment Norms Initiative," aiming to foster a collaborative and win-win ecosystem between complete vehicles and components, thereby promoting high-quality development in the automotive industry [1][8]. Group 1: Company Responses - NIO emphasizes the importance of a healthy supply chain for product quality and user experience, committing to long-term, mutually beneficial relationships with partners and adherence to the payment norms [1]. - Great Wall Motors adheres to a philosophy of "true partnership and win-win cooperation," ensuring timely payments and optimizing payment processes to support small and medium-sized enterprises [2]. - Xiaomi Motors supports the initiative, highlighting the significance of timely payments for maintaining a stable industrial chain and committing to a payment period of within 60 days [3]. - Leap Motor commits to a "60-day payment" principle and aims to streamline approval processes to ensure efficient payment flows, contributing to the stability of the supply chain [4]. - XPeng Motors reaffirms its commitment to a 60-day payment period and emphasizes the importance of trust and support from partners for sustainable development [5]. - Geely Auto Group has already implemented a 60-day payment period and aims to enhance the efficiency of capital turnover within the supply chain [6]. - BAIC Group expresses its commitment to fair and transparent payment practices, focusing on optimizing payment processes to support the health of the supply chain [6][7]. - Jianghuai Automobile Group is enhancing payment efficiency and transparency, ensuring all suppliers, including SMEs, receive timely payments [7]. - China FAW Group emphasizes its role in maintaining a stable market economy and has unified the payment period to 60 days, optimizing internal processes [8]. Group 2: Industry Context - The initiative has received support from various national departments, including the Ministry of Industry and Information Technology, highlighting the government's focus on stabilizing the supply chain and promoting high-quality development in the automotive sector [4][8]. - The collective commitment from these automotive companies reflects a broader industry trend towards enhancing supplier relationships and ensuring financial stability within the supply chain [1][8].

Core Viewpoint - The "60-day payment commitment" initiative among automotive manufacturers and suppliers continues to evolve, with the China Automotive Industry Association releasing a new guideline to standardize payment practices within the industry [1][4]. Group 1: Initiative Details - The new initiative specifies that payment terms should not exceed 60 calendar days from the date of delivery and acceptance by the automotive manufacturers [4][5]. - It encourages cash payments or bank acceptance bills, especially for small and medium-sized enterprises, to alleviate financial pressure on suppliers [5][9]. - The initiative aims to enhance the execution of payment commitments and promote the healthy development of the automotive industry [5][10]. Group 2: Industry Response - Major automotive companies, including Dongfeng, Changan, and SAIC, have committed to implementing the initiative's requirements to protect supplier rights [6][9]. - As of the announcement, several automotive stocks saw significant gains, indicating positive market sentiment towards the initiative [4][10]. - The Ministry of Industry and Information Technology has emphasized the importance of adhering to payment commitments to support innovation and stability within the supply chain [10][11]. Group 3: Financial Impact - In the first half of the year, 14 automotive companies reported a decrease in accounts payable compared to the end of the previous year, with Changan, SAIC, and Geely showing the largest reductions [10]. - The initiative is seen as a critical step in addressing cash flow challenges within the automotive supply chain, which is still maturing [10][11]. - The potential obstacles to implementing the 60-day payment term include the financial management capabilities of some companies and the need for better internal coordination among departments [11].

Core Viewpoint - Xiaopeng Motors announced plans for localized production in Europe, collaborating with Magna's factory in Graz, Austria, to enhance the local production of electric vehicles [2] Group 1: Production Plans - The first localized production project in Europe is set to officially launch in the third quarter of 2025 at the Magna factory in Graz, with the initial production of Xiaopeng G6 and G9 models [2] - The factory will also produce more Xiaopeng models in the future, expanding the company's manufacturing capabilities in Europe [2] Group 2: Market Expansion - Since entering the European market in 2021, starting from Norway, Xiaopeng Motors has expanded its global presence to over 46 countries and regions [2] - From January to July 2025, Xiaopeng Motors achieved overseas sales of 18,701 vehicles, marking a year-on-year increase of 217% [2] Group 3: R&D and Product Development - Xiaopeng Motors has established a full value chain layout in Europe, including a new R&D center in Munich, Germany, which is the company's first in Europe [2] - The Munich R&D center aims to explore European user needs and accelerate technological innovation and localization [2] - With the support of the Munich R&D center, Xiaopeng Motors plans to produce a wider range of vehicle types at the Magna factory, including pure electric sedans, mid-size SUVs, compact SUVs, and super electric models, to meet diverse consumer demands in Europe [2]

Group 1 - Xpeng Motors (XPEV.US) has initiated a deep cooperation with Magna Steyr in Graz, Austria, marking the start of its localized production process in Europe [1] - The collaboration will adopt a contract manufacturing model and will gradually deepen localization, with the Xpeng G6 and G9 set to begin production in Q3 2025 [1] - Both models have already been launched in the European market and have established a solid market foundation [1] Group 2 - The Graz factory is planned to expand its production to include Xpeng's pure electric sedans, compact SUVs, and super electric vehicle models [1]

Group 1 - The core point of the article is the announcement of the Xiaopeng X9 Super Extended Range version, which boasts an electric range exceeding 450 kilometers and a comprehensive range surpassing 1600 kilometers [2] - The Xiaopeng X9 Super Extended Range version has undergone extensive testing, with over 1000 test vehicles used, taking more than 800 days and covering over 20 countries and 330 cities, accumulating a total testing mileage of over 20 million kilometers [4] - The vehicle has been officially listed in the Ministry of Industry and Information Technology's announcement, categorized as a "plug-in extended range hybrid multi-purpose passenger vehicle" [4] Group 2 - The specifications of the Xiaopeng X9 include a length of 5316mm, a width of 1988mm, a height of 1785mm, and a wheelbase of 3160mm [4] - The vehicle is equipped with a lithium iron phosphate battery from Zhongxin Innovation, with a rated power of the driving motor at 110kW and a peak power of 210kW, while the engine has a maximum net power of 110kW [4]

Core Viewpoint - The China Automotive Industry Association has released the "Supplier Payment Norms Initiative for Complete Vehicle Enterprises," which aims to standardize key aspects of procurement contracts between automakers and suppliers, including order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] Group 1: Initiative Details - The initiative specifies requirements for goods delivery acceptance, account period commencement, reconciliation and settlement, and payment, such as a maximum goods acceptance time of three working days and a minimum contract validity of one year [1] - The initiative is expected to significantly promote the standardized development of the automotive industry [1] Group 2: Company Responses - SAIC Group announced it will unify supplier payment terms to within 60 days by June 2025 and will not use commercial acceptance bills to avoid increasing suppliers' financial pressure [3] - BYD Auto expressed its commitment to the initiative and aims to foster a collaborative ecosystem for high-quality development in the Chinese automotive industry through technological innovation and management optimization [5] - GAC Group has consistently adhered to a payment principle of not exceeding 60 days for suppliers since its establishment in 1997, emphasizing integrity and collaboration within the industry [7] - Changan Automobile has implemented a payment scheme that ensures a 60-day payment commitment and is exploring efficient payment processes for suppliers [10] - Dongfeng Motor pledged to implement the initiative's requirements to protect supplier rights and enhance supply chain resilience [12] - Xiaomi Auto fully supports the initiative and commits to maintaining a payment period of within 60 days while focusing on key procurement aspects [14] - Li Auto will continue to uphold its 60-day payment commitment and ensure timely acceptance and reconciliation of goods [16] - NIO aims to establish long-term, mutually beneficial relationships with partners while adhering to the supplier payment norms [17] - Seres Group calls for self-discipline among enterprises to promote high-quality industry development and enhance competitiveness [18] - Beijing Automotive Group is optimizing its payment mechanisms and opposing unreasonable payment practices to safeguard supplier rights [20]

Core Viewpoint - On September 15, 2023, 11 automotive manufacturers in China announced their commitment to implement the "Supplier Payment Norms Initiative" to foster a collaborative ecosystem between vehicle manufacturers and parts suppliers, aiming for high-quality development in the automotive industry [1][3][24]. Group 1: Initiative Response - Dongfeng Motor Group actively supports the initiative, focusing on key areas such as order confirmation, delivery, payment, and contract terms to protect supplier rights and enhance supply chain resilience [3]. - SAIC Motor Corporation has unified supplier payment terms to within 60 days and will not use commercial acceptance bills to alleviate supplier financial pressure, promoting efficient capital flow in the supply chain [5]. - Chery Group has committed to standardizing contract terms and implementing measures to shorten average payment periods for suppliers, thereby alleviating financial pressure on small and medium enterprises [7]. - Ideal Automotive reaffirms its commitment to a 60-day payment period and aims to build stable, mutually beneficial relationships with partners [12]. - Chang'an Automobile has implemented a payment scheme that ensures payments are made within 60 days, supporting the initiative and enhancing supply chain collaboration [13]. - GAC Group has maintained a payment principle of not exceeding 60 days for suppliers for 28 years, ensuring a transparent and efficient payment process [15]. - BYD Auto is focused on technological innovation and management optimization to build a collaborative ecosystem with suppliers, adhering to the initiative [17]. - Xiaomi Auto emphasizes the importance of timely payments to maintain a stable supply chain and commits to a 60-day payment period [19]. - NIO is dedicated to establishing long-term, mutually beneficial partnerships and aims to enhance the health of the supply chain [21]. - XPeng Motors continues to uphold its commitment to a 60-day payment period and aims to foster a stable and cooperative relationship with its partners [23].

Core Viewpoint - The article discusses the collective response of 11 major automotive companies in China to the "Supplier Payment Norms Initiative" issued by the China Association of Automobile Manufacturers, emphasizing the importance of timely payments to suppliers to enhance the resilience and quality of the automotive industry. Group 1: Industry Response - On September 15, the China Association of Automobile Manufacturers released the "Supplier Payment Norms Initiative" to promote a collaborative ecosystem between vehicle manufacturers and suppliers, aiming for high-quality development in the automotive industry [1][2][3]. - Major companies like Dongfeng, SAIC, Chery, and others have committed to implementing the initiative by standardizing payment terms and ensuring supplier rights are protected [2][4][5]. Group 2: Specific Company Actions - Dongfeng Motor Group will implement the initiative across key processes such as order confirmation and payment, enhancing supply chain resilience [2]. - SAIC Group has unified supplier payment terms to within 60 days and will avoid methods that increase financial pressure on suppliers [3]. - Chery Group has introduced measures to shorten average payment periods and support small and medium enterprises through innovative practices [4]. - Companies like Li Auto, NIO, and Xpeng have reiterated their commitment to maintaining a 60-day payment period and ensuring timely delivery and settlement processes [6][11][12]. Group 3: Industry Collaboration - The initiative encourages collaboration among automotive companies to strengthen the supply chain and promote sustainable development [5][10]. - Companies are urged to enhance self-discipline and work together to create a healthy and competitive industry environment [5]. - The overarching goal is to build a transparent and efficient automotive ecosystem that benefits all stakeholders involved [8][10].

Core Viewpoint - The China Automotive Industry Association has released the "Supplier Payment Norms Initiative for Complete Vehicle Enterprises," which aims to standardize key aspects of procurement contracts between automakers and suppliers, including order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] Group 1: Industry Response - Multiple automakers, including SAIC Motor, BYD, GAC Group, Xiaomi Auto, and Seres, have expressed their support for the initiative [2] - SAIC Motor has committed to unifying supplier payment terms to within 60 days and will not use commercial acceptance bills to alleviate supplier financial pressure [3] - BYD emphasizes the importance of technological innovation and management optimization to build a collaborative ecosystem for high-quality development in the automotive industry [5] - GAC Group has maintained a payment principle of not exceeding 60 days for 28 years, demonstrating its commitment to supplier relationships and supply chain stability [7] - Changan Automobile has implemented a payment process that ensures payments are made within 60 days, showcasing its commitment to supplier payment norms [10] - Dongfeng Motor aims to protect supplier rights and enhance industry resilience by adhering to the initiative's requirements [12] - Xiaomi Auto reaffirms its commitment to a 60-day payment term and aims to enhance supplier rights and industry resilience [14] - Li Auto is committed to maintaining a 60-day payment term and ensuring timely delivery and settlement processes [17] - NIO focuses on establishing long-term, mutually beneficial relationships with partners while adhering to the payment norms [19] - Seres calls for self-discipline among enterprises to promote high-quality industry development and enhance competitiveness [20] - XPeng Motors is dedicated to maintaining a 60-day payment term and ensuring efficient payment processes for partners [22]