Zheng Quan Shi Bao·2025-06-10 23:11Core Viewpoint - Multiple Chinese automotive companies, including BYD, Dongfeng Motor Group, GAC Group, and China FAW, have announced a unified payment term of 60 days for suppliers, aiming to enhance the stability of the supply chain and support the healthy development of small and medium-sized enterprises [2][3][5][7][11]. Group 1 - BYD announced the implementation of a 60-day payment term for suppliers to align with national policies aimed at stabilizing the automotive industry and promoting high-quality development [2]. - Dongfeng Motor Group stated that the 60-day payment term is intended to facilitate efficient capital flow within the supply chain and promote collaborative development [3]. - GAC Group emphasized that maintaining a healthy supply chain is essential for ensuring product safety and quality, committing to a payment term not exceeding 60 days [5]. Group 2 - China FAW highlighted the importance of clear payment deadlines and methods, implementing a 60-day payment requirement while enhancing internal collaboration among departments to streamline the payment process [7]. - The collective response from domestic automakers aligns with the "Regulations on Payment to Small and Medium-sized Enterprises," which mandates a 60-day payment period and aims to improve the business environment [11]. - The Ministry of Industry and Information Technology has called for measures to address issues within the new energy vehicle industry, with the regulation on supplier payment terms being a specific action to combat industry "involution" [12].