Xin Lang Cai Jing·2025-06-11 03:02Group 1 - Several automotive companies, including BYD, Chery, Xiaomi, and Changan, have committed to a payment term of no more than 60 days for suppliers to enhance supply chain stability and support the healthy development of small and medium-sized enterprises [1][2] - The commitment to shorten payment terms is in response to directives from national ministries aimed at promoting high-quality development in the automotive industry and ensuring the stability of the supply chain [1][2] - The reduction in payment terms is expected to accelerate cash flow for suppliers, allowing them to reinvest in raw materials, equipment upgrades, and production expansion, thereby improving production stability and reducing risks associated with cash flow constraints [2] Group 2 - The "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" will take effect on June 1, 2025, mandating a 60-day payment period and prohibiting forced acceptance of non-cash payment methods [3] - The regulations aim to address issues of delayed payments to small and medium-sized enterprises and optimize the business environment, requiring large enterprises to pay within 60 days of delivery [3] - Concerns have been raised regarding some automotive companies using supply chain finance platforms to delay payments to upstream suppliers, thereby increasing financial pressure on those suppliers [3]