Core Viewpoint - The China Automobile Industry Association (CAAM) has released the "Supplier Payment Norms Initiative" to standardize payment practices between automobile manufacturers and suppliers, aiming to protect the rights of suppliers, especially small and medium-sized enterprises, and promote a healthier automotive industry ecosystem [3][9]. Group 1: Initiative Details - The initiative outlines norms for order confirmation, delivery and acceptance, payment and settlement, and contract duration between automobile manufacturers and suppliers [3]. - In the order confirmation section, it specifies that both parties must agree on order details and any changes must be mutually consented [3]. - For delivery and acceptance, manufacturers are required to complete acceptance within three working days and notify suppliers of any discrepancies [6]. Group 2: Payment Terms - The initiative states that payment terms should not exceed 60 calendar days from the date of delivery and acceptance [6][9]. - For continuous supply from non-small and medium-sized enterprises, manufacturers can negotiate concentrated billing periods [6]. - If pricing is not agreed upon, manufacturers should make an initial payment based on the most recent contract price, with adjustments made once a price is established [6]. Group 3: Industry Context - The automotive market has become increasingly competitive, leading to pressure on suppliers through lower procurement prices and extended payment periods, negatively impacting the supply chain [7]. - In the first four months of this year, China's automotive production and sales exceeded 10 million units, but industry profit margins have declined to 4.1% despite increased sales [7]. - The initiative is part of a broader effort to enhance cooperation between manufacturers and suppliers, with 17 major manufacturers committing to the 60-day payment term [9][10].

9月15日，理想汽车、小米汽车、北汽集团、长城汽车先后就当日7点左右中国汽车工业协会（以下简称"中汽协"）发布的《汽车整车企业供应商账款支付规 范倡议》（以下简称"《倡议》"）作出积极回应。 《中国经营报》记者从接近中汽协人士处了解到，"政府主导部门、行业协会和各家企业一直就供应商账期问题进行密切的交流协商，希望通过达成共识促 进行业健康良性发展。" 一家零部件上游供应商告诉记者："自6月1日《保障中小企业款项支付条例》开始施行，多家与其合作的主机厂已经将支付账期统一至60天内，较此前有很 大提升。企业的积极性和回款周期、流动性（指标）全面提升。" 记者关注到，截至发稿，已有包括理想汽车、小米汽车、北汽集团、长城汽车、上汽集团、东风汽车等十余家企业积极响应中汽协倡议。 十余家车企响应"60天"付款倡议 记者关注到，此次中汽协倡议，明确了汽车整车企业对供应商的"60天账期"支付起算时间，整车企业的支付账期自供应商企业交货并通过车企验收合格之日 起计算，最长不超过60个自然日（如支付当日遇法定节假日顺延）。另外，倡导车企与供应商建立长期稳定的合作关系，每次签订合同的有效期不少于一 年。 针对《倡议》，9月15日中 ...

Core Viewpoint - The China Automotive Industry Association (CAIA) has released a payment initiative for supplier accounts, which has been supported by 17 major automotive companies, aiming to promote high-quality development in the automotive industry [1][2]. Group 1: Initiative Details - The initiative outlines requirements for goods delivery acceptance, payment terms, reconciliation, and payment processes, specifying that the payment period for automotive companies (the buyer) should not exceed 60 calendar days from the date of delivery and acceptance by the buyer [1]. - The initiative is expected to alleviate financial pressure on suppliers, which is crucial for fostering innovation and building a robust supply chain in the automotive sector [1]. Group 2: Supporting Companies - The 17 automotive companies that have committed to this initiative include major players such as BYD, Xiaomi, Dongfeng Motor Group, and SAIC Motor Corporation, among others [2]. - These companies have previously made public commitments regarding the payment term of not exceeding 60 days [2]. Group 3: Industry Impact - If effectively implemented, the initiative could enhance cash flow efficiency within the industry, leading to improved production efficiency and overall competitiveness of the Chinese automotive sector [1].

Core Viewpoint - The China Automotive Industry Association (CAAM) has issued a payment standard initiative for automotive manufacturers, establishing a maximum payment term of 60 days for suppliers, effective from the date of delivery acceptance [1][2]. Group 1: Initiative Details - The initiative specifies that the payment term starts from the date of delivery and acceptance, with a maximum of 60 calendar days [1]. - It outlines requirements for delivery acceptance, payment terms, reconciliation, and payment processes, including a principle that delivery acceptance should not exceed three working days [1]. - The initiative encourages stable cooperation between suppliers and manufacturers, with contracts having a minimum validity of one year [1]. Group 2: Industry Response - Seventeen major automotive companies, including FAW, Dongfeng, Changan, SAIC, and BYD, have committed to implementing the initiative, aiming to foster a collaborative ecosystem between vehicle manufacturers and parts suppliers [1][2]. - In August, these companies collectively sold approximately 2.6 million vehicles, accounting for over 90% of China's total automotive sales for that month, indicating strong industry support for the initiative [2]. Group 3: Market Impact - Following the announcement of the initiative, the A-share automotive sector saw a net inflow of 3.27 billion yuan, with a 1.1% increase in stock prices [2]. - Several listed parts suppliers, such as Wanxiang Qianchao and Zhejiang Shibao, experienced stock price surges, while vehicle manufacturers like Haima and Jinbei also saw significant gains [2]. Group 4: Regulatory Context - The initiative aligns with recent regulatory actions aimed at promoting the healthy development of the automotive industry, including a three-month special campaign to address online irregularities in the sector [2]. - The Ministry of Industry and Information Technology has also released a work plan for stabilizing growth in the automotive industry from 2025 to 2026, focusing on structural optimization and quality improvement [2]. Group 5: Historical Context - Prior to this initiative, CAAM had already advocated for fair competition and healthy industry development, with commitments from major companies to adhere to a 60-day payment term [3]. - Data from Wind indicates that the average payment cycle for major domestic automakers was 183 days in the first half of this year, an increase of about 7 days compared to the same period in 2024 [3].

Core Viewpoint - The China Automobile Industry Association (CAAM) has launched an initiative to standardize payment terms for automotive suppliers, establishing a maximum payment period of 60 days from the date of delivery and acceptance of goods by the automaker [1][3]. Group 1: Initiative Details - The payment period starts from the date the supplier's goods are delivered and accepted by the automaker, with a maximum of 60 calendar days [1][3]. - Automakers are encouraged to establish long-term cooperative relationships with suppliers, with contracts having a minimum validity of one year [1]. - The initiative outlines key processes including order confirmation, delivery and acceptance, and payment and settlement [3]. Group 2: Industry Response - 17 automakers have publicly committed to implementing the payment initiative, including major companies like Dongfeng Motor, SAIC Group, and BYD [2][6]. - Automakers such as BYD emphasize the importance of adhering to the initiative to ensure supplier rights and stabilize supply chain expectations [6]. Group 3: Specific Policies from Automakers - Chery Group has introduced a four-pronged approach to standardize payment terms and reduce average payment periods for suppliers [7]. - Changan Automobile has implemented a payment scheme that starts counting from the delivery date, successfully fulfilling the 60-day payment commitment [7]. - Great Wall Motors has committed to using bank transfers and bank acceptance bills exclusively for payments, avoiding electronic vouchers [7].

Core Viewpoint - The "60-day payment commitment" initiative among 17 automotive companies continues to evolve, with the China Automotive Industry Association releasing the "Payment Norms Initiative for Automotive OEMs and Suppliers" on September 15, which aims to standardize payment terms and enhance supplier rights [1][3]. Group 1: Initiative Details - The initiative specifies that payment terms should not exceed 60 calendar days from the date of delivery and acceptance by the OEM [3]. - It encourages cash payments or bank acceptance bills, especially for small and medium-sized enterprises, to alleviate financial pressure on suppliers [5][6]. - The initiative includes provisions for advance payments based on previous contract prices if pricing agreements are not reached [5]. Group 2: Industry Response - Major automotive companies such as Dongfeng, Changan, and SAIC have committed to implementing the initiative, ensuring supplier rights and stabilizing expectations within the supply chain [6][8]. - The Ministry of Industry and Information Technology emphasized the importance of this initiative for promoting healthy and sustainable development in the automotive industry [8]. Group 3: Market Impact - Following the announcement of the initiative, automotive stocks saw significant gains, with several companies reaching their daily price limits [3]. - In the Hong Kong market, shares of electric vehicle manufacturers like NIO and BYD also experienced notable increases [4]. Group 4: Historical Context and Future Outlook - Since the initial "60-day payment commitment" declaration in June, some companies have already begun to optimize their payment terms, with reports indicating that several firms have successfully implemented the 60-day payment policy [9]. - The Ministry of Industry and Information Technology has previously issued guidelines to regulate payment terms in the automotive sector, highlighting the ongoing challenges in achieving compliance across the industry [9][10].

Core Viewpoint - The China Automotive Industry Association has launched the "Supplier Payment Norms Initiative" to promote a collaborative and win-win ecosystem between vehicle manufacturers and suppliers, ensuring the protection of suppliers' interests and fostering high-quality development in the automotive industry [2][5][14]. Group 1: Initiative Details - The initiative aims to prevent large enterprises from exploiting their advantageous positions to harm suppliers and to establish a cooperative development ecosystem between vehicle manufacturers and parts suppliers [2][3]. - Key aspects of the initiative include confirming order details, payment terms, and establishing long-term cooperative relationships with contracts lasting no less than one year [4][5]. Group 2: Industry Response - Major automotive companies such as Dongfeng Motor Group, SAIC Motor Corporation, Chery Automobile, and BYD have publicly committed to implementing the initiative, focusing on key areas like order confirmation, delivery, payment, and contract duration [3][5][14]. - SAIC has standardized supplier payment terms to within 60 days and has committed to not using commercial bills to alleviate supplier financial pressure [6][14]. - Chery has implemented measures to shorten average payment periods for suppliers and has introduced a digital approval process to enhance efficiency [7][14]. Group 3: Long-term Goals - The initiative is part of a broader effort by national ministries to stabilize the supply chain and promote high-quality development in the automotive sector [6][9]. - Companies are encouraged to strengthen self-discipline and work together to enhance the resilience and competitiveness of the automotive industry [9][10].

Group 1 - The "2025 China Top 500 Enterprises" list was officially released by the China Enterprise Confederation and the China Enterprise Directors Association on September 15, highlighting the automotive industry's presence with 8 companies included [1] - BYD Company Limited ranked the highest among automotive companies at 26th overall, followed by SAIC Motor Corporation Limited at 36th and Zhejiang Geely Holding Group at 39th [1] - The entry threshold for the list reached a new high of 47.96 billion yuan, an increase of 579 million yuan from the previous year, indicating a shift in the automotive industry towards high-quality development, particularly in new energy vehicles and intelligent connected vehicles [1] Group 2 - The automotive companies on the list are distributed across key automotive industry clusters, including the Yangtze River Delta, Pearl River Delta, Northeast, and Central regions, reflecting a well-structured industry layout and positive regional collaborative development [1] - The overall ranking of automotive enterprises shows steady progress, indicating that the Chinese automotive industry is transitioning from scale growth to high-quality development [1]

Core Viewpoint - The automotive industry is experiencing a strong performance, with several companies' stocks hitting the limit up, indicating positive market sentiment and potential growth opportunities [1]. Industry Summary - The automotive index closed at 16,659.06, with a trading volume of 17.1 billion and a turnover of 35.583 billion, reflecting a 2.31% increase [2]. - The China Automotive Industry Association has issued a payment standard initiative aimed at ensuring fair payment practices between vehicle manufacturers and suppliers, promoting a collaborative ecosystem [4]. - The initiative encourages long-term stable partnerships between manufacturers and suppliers, with contracts lasting no less than one year [4]. Company Responses - Chery Group has committed to adhering to the payment standards and ensuring compliance with the initiative [6]. - Li Auto has reaffirmed its commitment to a 60-day payment period for suppliers, emphasizing timely delivery and settlement [8]. - Seres has expressed support for the initiative, advocating for self-discipline among companies to foster high-quality industry development [10]. - Changan Automobile has successfully implemented the 60-day payment commitment and developed an efficient payment process for suppliers [12]. - GAC Group has pledged to uphold its commitments to suppliers and promote healthy development across the supply chain [14]. - BYD has committed to implementing the initiative and focusing on key contract elements to enhance collaboration with partners [16]. - NIO has expressed its dedication to building a mutually beneficial relationship with suppliers, emphasizing the importance of a healthy supply chain [18][19]. - Xiaomi Auto has reiterated its commitment to the 60-day payment period and aims to enhance supply chain resilience [21]. - SAIC Group has standardized its supplier payment period to 60 days and will avoid practices that increase financial pressure on suppliers [23][24]. - XPeng Motors has committed to maintaining the 60-day payment period and ensuring efficient operations with partners [26]. - Leap Motor has pledged to support the initiative and ensure supply chain stability [28][29]. - Geely Auto Group has expressed its commitment to implementing the initiative in key operational areas [31].

Core Viewpoint - The China Automotive Industry Association (CAIA) has launched a "Payment Norms Initiative" aimed at standardizing payment practices among automotive manufacturers to protect the rights of suppliers, especially small and medium-sized enterprises (SMEs) [1][4][8]. Group 1: Payment Norms Initiative - The initiative outlines specific requirements for key processes including order confirmation, delivery acceptance, payment settlement, and contract duration [4][5]. - It addresses the prevalent issue of acceptance delays, recommending that manufacturers complete acceptance within three working days after receipt of goods [1][4]. Group 2: Industry Response - 17 major automotive companies have publicly committed to a payment term not exceeding 60 days, receiving positive feedback from various sectors [4][10]. - Companies such as Dongfeng, SAIC, Chery, BYD, and NIO have expressed their commitment to the initiative, emphasizing the importance of protecting supplier rights and enhancing supply chain resilience [10][12][16]. Group 3: Implementation Challenges - The CAIA has noted inconsistencies in the execution of the 60-day payment term due to the complexity of payment processes and differences in supply chain management among manufacturers [4][5]. - A special task force has been established to conduct research and gather feedback from the supply chain to better support the implementation of the payment norms [4][8]. Group 4: Government Support - The Ministry of Industry and Information Technology (MIIT) has expressed support for the initiative, highlighting its role in promoting industry standards and ensuring timely payments to suppliers [8][9]. - The MIIT has also opened a platform for SMEs to report issues related to payment delays by major automotive companies [7][9]. Group 5: Long-term Cooperation - The initiative encourages manufacturers to establish long-term, stable relationships with suppliers, with contracts having a minimum validity of one year [7][8]. - Companies are urged to adopt practices that foster mutual benefit and collaboration within the automotive ecosystem to promote high-quality industry development [9][17].