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].

这一倡议的总体原则是： 不利用大企业优势地位侵害供应商利益 ，共同构建"整车—零部 件"协作共赢的发展生态，共同推动汽车产业高质量发展 。 中国汽车工业协会相关负责人表示，这是继叫停"销售周榜单"发布、规范"辅助驾驶"宣传、 治理"低价无序竞争"违法行为、汽车行业"网络乱象专项整治"之后，又一重要举措，这一系 列的举措将为汽车产业长远高质量发展保驾护航。 9月15日，东风汽车集团有限公司、上海汽车集团股份有限公司、奇瑞汽车股份有限公司、赛 力斯集团股份有限公司、理想汽车有限公司、重庆长安汽车股份有限公司、广州汽车集团股 份有限公司、比亚迪汽车工业有限公司等 八家汽车生产企业先后发表声明， 表示将 积极落实 《汽车整车企业供应商账款支付规范倡议》 ，构建"整车—零部件"协作共赢发展生态，共同 推动汽车产业高质量发展。 东风 来源：工信微报综合央视新闻客户端 15日，据中国汽车工业协会消息，为了推动汽车行业落实《保障中小企业款项支付条例》， 协会就"整车企业与供应商企业采购合同中账款支付相关内容"作出规范倡议 。 在订单确认环节，整车企业与供应商企业应通过采购订单确认订货日期、零部件名称及 规格、数量、交货周期等 ...

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].

今天(9月15日)，中国汽车工业协会发布汽车整车企业供应商账款支付规范倡议(以下简称"支付规范倡议")，对订单确认、交付验收、支付结算、合同期限 等关键环节提出具体要求。其中针对行业反映强烈的验收"卡点"问题，提出车企应原则上在收货后3个工作日内完成验收。 截至目前，东风、上汽、奇瑞、赛力斯（601127）、理想、长安、广汽、比亚迪（002594）、小米汽车、吉利汽车集团、小鹏汽车、蔚来汽车等车企纷纷 表态。 60天账期执行尺度不一 中汽协再出手规范 中汽协指出，近两年，汽车市场竞争日趋"白热化"，竞争压力转嫁、传导至上游供应链，压低采购价格、延长付款周期等问题凸显，给产业链、供应链健 康发展带来不利影响。为维护供应商企业特别是中小供应商企业合法权益，构建"整车—零部件"协作共赢产业生态，在主管部门的指导下，17家重点车企 公开承诺"支付账期不超过60天"。 相关承诺受到广泛好评，社会各界高度关注实施情况，并对账期缩短充满期待。但由于账款支付涉及环节多、流程复杂，加之各车企供应链管理体系存在 差异，执行过程中出现了尺度不一的情况。为推动解决这一问题，中国汽车工业协会成立专项工作组，深入开展情况调研，广泛征求产 ...

Core Viewpoint - The Chinese automotive market is transitioning towards a more rational development with a diversified energy landscape, where both fuel and electric vehicles coexist, reflecting a maturation of consumer purchasing behavior [3][6][9]. Group 1: Market Trends - The market share of fuel vehicles is stabilizing, indicating a mature automotive market where consumer decisions are becoming more rational [3][6]. - As of January to August 2025, SAIC Volkswagen's retail sales for the Volkswagen brand reached 662,500 units, with a fuel vehicle market share of 8.76%, maintaining the top position for 14 consecutive months since July 2024 [5][6]. Group 2: Strategic Initiatives - SAIC Volkswagen is implementing a dual-track strategy of "oil and electricity advancing together," focusing on both fuel and electric vehicle development to enhance product competitiveness [6][7][9]. - The company plans to launch six new energy products next year, covering various segments including fuel, pure electric, and hybrid vehicles [7]. Group 3: Consumer Behavior - Consumers are increasingly considering the total lifecycle cost of ownership, making fuel vehicles a stable choice for many users despite the rapid development of electric vehicles [8][9]. - The shift in consumer behavior reflects a broader trend in the Chinese automotive market, where practicality, reliability, and long-term costs are prioritized over merely adopting new technologies [9].

Group 1 - The China Automotive Industry Association (CAAM) issued an initiative on September 15, 2023, regarding payment norms for suppliers, emphasizing the importance of timely payments in the automotive industry [1] - A total of 17 automotive companies, including major players like SAIC, Geely, BYD, and NIO, have publicly supported the initiative and committed to adhering to the payment norms [1][4] - The initiative encourages the use of cash or bank acceptance bills for payments, particularly for small and medium-sized enterprises (SMEs) [2] Group 2 - SAIC Group and Geely have explicitly stated they will not use commercial acceptance bills, which could increase financial pressure on suppliers, and will standardize payment terms to within 60 days [2] - Several companies, including Li Auto, Xiaomi, and Changan, have reiterated their commitment to a 60-day payment period and are working on optimizing their payment processes [3][4] - The Ministry of Industry and Information Technology (MIIT) has established a platform for SMEs to report issues regarding the adherence to payment commitments by key automotive companies [4][5]

Core Viewpoint - The China Automotive Industry Association (CAIA) has issued a "Supplier Payment Norms Initiative" aimed at standardizing payment practices between automotive manufacturers and suppliers, which is expected to promote the healthy development of the automotive industry [1][2][3]. Group 1: Industry Response - Major automotive companies including SAIC, BYD, GAC, Changan, Dongfeng, Xiaomi, Li Auto, NIO, and Xpeng have collectively expressed their support for the CAIA's initiative [1][2][3]. - The initiative emphasizes key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract duration, with a recommendation that the acceptance of goods should not exceed three working days [1][2][3]. Group 2: Company Actions - SAIC Group has unified the payment period for suppliers to within 60 days and will not use commercial acceptance bills to alleviate supplier financial pressure [2]. - BYD is committed to implementing the initiative and enhancing collaboration with upstream and downstream partners through technological innovation and management optimization [3]. - GAC Group has pledged to support the initiative and promote healthy development across the industry chain [5]. - Changan has fully implemented the 60-day payment commitment and has developed an efficient payment process for suppliers [6]. - Dongfeng is actively working to ensure supplier rights and enhance industry chain resilience [9]. - Xiaomi has reiterated its commitment to timely payments and the importance of a healthy industry ecosystem [10]. - Li Auto and NIO have both confirmed their adherence to the 60-day payment period and the initiative's standards [11][13].

工信微报、@小米汽车 9月15日，东风汽车集团有限公司、上海汽车集团股份有限公司、奇瑞汽车股份有限公司、赛力斯集团 股份有限公司、理想汽车有限公司、重庆长安汽车股份有限公司、广州汽车集团股份有限公司、比亚迪 汽车工业有限公司等多家汽车生产企业先后发表声明，表示将积极落实《汽车整车企业供应商账款支付 规范倡议》，构建"整车—零部件"协作共赢发展生态，共同推动汽车产业高质量发展。 东风 9月15日，中国汽车工业协会发布《汽车整车企业供应商账款支付规范倡议》，为构建"整车—零部 件"协作共赢生态、推动汽车产业高质量发展提供明确指引。东风汽车集团有限公司（以下简称"东风汽 车"）积极响应倡议号召，将在订单确认、交付与验收、支付与结算、合同期限等关键环节落实倡议要 求，切实保障供应商权益，稳定供应商预期，增强产业链韧性。 作为中央直管的特大型汽车企业，东风汽车将以切实行动践行央企责任，进一步发挥产业链"链长"作 用，不断优化产业生态，加强产业技术创新和产业链供应链体系建设，共同推动行业高质量发展。 上汽 近期，工信部、国资委等国家部委围绕保障产业链供应链稳定、促进汽车产业高质量发展作出一系列决 策部署。2025年9月1 ...

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].