主流车企承诺账期不超过60天 保障汽车产业链供应链稳定

Core Viewpoint - Major Chinese automotive companies have collectively committed to standardizing supplier payment terms to a maximum of 60 days, aiming to enhance cash flow efficiency and stabilize the supply chain, in response to the newly implemented regulations for small and medium enterprises [1][2][3][4]. Group 1: Industry Response - Nearly 20 leading automotive companies, including China FAW, Dongfeng Motor, and GAC Group, have publicly announced their commitment to a 60-day payment term for suppliers [1][2][3]. - The new regulation, effective from June 1, mandates that large enterprises must pay small and medium enterprises within 60 days of delivery, addressing long-standing issues of delayed payments in the automotive supply chain [4][5]. - The collective commitment from these companies has led to a notable increase in the A-share automotive parts sector, reflecting positive market sentiment [5][6]. Group 2: Financial Implications - Historically, payment terms for suppliers in the automotive industry have exceeded 120 days, with some companies reporting terms over 200 days, which has strained the financial health of upstream suppliers [5][6]. - The average accounts payable turnover days for major companies like BYD and Geely are reported to be around 127 days, while Great Wall and SAIC exceed 160 days [3][5]. - Experts suggest that the reduction in payment terms could improve cash flow for suppliers, potentially alleviating financial pressures across the entire supply chain [5][6]. Group 3: Future Outlook - The successful implementation of the 60-day payment term will depend on the willingness of dominant automotive companies to foster mutually beneficial relationships with suppliers [7]. - Industry experts believe that if the commitment is genuinely upheld, it could lead to a revitalization of the automotive supply chain, enhancing overall industry confidence [7].