Nan Fang Du Shi Bao·2025-06-11 06:19Core Viewpoint - The automotive industry is witnessing a significant shift as multiple companies commit to controlling supplier payment terms within 60 days, responding to government regulations aimed at stabilizing the supply chain and promoting high-quality development in the sector [1][10]. Group 1: Company Commitments - GAC Group, FAW Group, Dongfeng Motor Group, and Seres were the first to announce their commitment to keeping supplier payment terms within 60 days [2]. - Following this, companies such as Geely, Changan Automobile, BYD, and Chery also declared their adherence to the 60-day payment term, emphasizing the importance of efficient cash flow and supply chain stability [2][3][7]. - Great Wall Motors has also pledged to unify payment terms to 60 days, contributing to the healthy development of the entire industry chain [4]. Group 2: Industry Response - The automotive supply chain is expected to benefit from these commitments, as they are seen as a positive signal for suppliers and may help reshape the upstream and downstream ecosystem [10]. - The stock market reacted positively, with the automotive parts sector experiencing a surge, leading to multiple stocks hitting the daily limit up [10]. Group 3: Government Regulations - The "Regulations on Ensuring Payment to Small and Medium Enterprises" was revised and approved by the State Council, set to take effect on June 1, 2025, further supporting the push for timely payments in the industry [10].