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 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].

Group 1 - Xpeng Motors has launched its first localized production project in Europe, with mass production of G6 and G9 models set to begin in Q3 2025 at the Magna factory in Graz, Austria [2] - Changan Automobile has fully implemented a 60-day payment term for suppliers, supporting the automotive industry's high-quality development and ensuring efficient capital flow for small and medium-sized enterprises [2] - NIO and JAC's joint venture, Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd., has been dissolved, with the company officially registered as canceled after a decision to dissolve was made [2] Group 2 - Xiangjie Automobile plans to invest 20 billion RMB over three years to establish a dedicated team for the Xiangjie brand, focusing on design, intelligent driving assistance, and quality safety [2]

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]

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]

人民财讯9月15日电，9月15日，上海蔚来汽车有限公司、长城汽车（601633）股份有限公司、小米汽车 有限公司、浙江零跑科技股份有限公司、广东小鹏汽车科技集团有限公司、吉利汽车集团有限公司、北 京汽车集团有限公司、安徽江淮汽车（600418）集团股份有限公司、中国第一汽车集团有限公司等9家 汽车生产企业陆续发表声明，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。至此，17家作出账期承诺的车企均已明 确表态。 此前，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 （601127）集团股份有限公司、理想汽车有限公司、重庆长安汽车（000625）股份有限公司、广州汽车 集团股份有限公司、比亚迪（002594）汽车工业有限公司等8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》。 ...

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].

汽车行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002594 | 比亚迪 | 2.63 | 2.80 | 89152.23 | | 601689 | 拓普集团 | 6.75 | 6.84 | 82138.89 | | 600418 | 江淮汽车 | 6.68 | 6.23 | 56115.88 | | 601127 | 赛力斯 | 3.04 | 2.94 | 48813.26 | | 600699 | 均胜电子 | 7.74 | 10.14 | 30661.50 | | 000559 | 万向钱潮 | 10.05 | 2.29 | 29749.61 | | 002703 | 浙江世宝 | 10.02 | 6.97 | 25269.92 | | 000572 | 海马汽车 | 9.98 | 4.17 | 16051.69 | | 600609 | 金杯汽车 | 7.16 | 8.58 | 13131.04 | | 002766 | 索菱股份 | 10.06 | 5.60 | 11 ...

Group 1 - The commercial vehicle sector increased by 2.58% on September 15, with Jianghuai Automobile leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] - Jianghuai Automobile's closing price was 58.14, reflecting a rise of 6.68% with a trading volume of 1.3597 million shares and a transaction value of 7.728 billion [1] Group 2 - The commercial vehicle sector saw a net inflow of 405 million in main funds, while retail funds experienced a net outflow of 108 million [3][4] - Jianghuai Automobile had a net inflow of 423 million in main funds, with a net outflow of 32.3 million in speculative funds [4] - The trading volume and transaction values for other companies in the sector varied, with notable performances from Zhongtong Bus and Ankai Bus, which saw increases of 2.78% and 2.43% respectively [1][3]

人民财讯9月15日电，9月15日，江汽集团官微发布声明称，江汽集团一直以来深入贯彻工信部的部署要 求，积极响应行业协会的倡议，已全面推进60天账期承诺。为进一步提升支付效率与透明度，江汽集团 将持续优化支付流程，加快推进供应链支付信息化系统建设，全面保障包括中小企业在内的所有供应商 获得高效、公平的支付体验，减轻供应链资金压力。江汽集团坚信，长期、稳定、互信的合作关系是推 动汽车产业高质量发展的基础。江汽集团将以切实行动持续深化供应商账款支付承诺，以技术赋能管理 升级，与供应链伙伴携手共进，共同推进汽车产业可持续、高质量发展。 ...