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剑指“价格战”!车企相继承诺“60天付款”
Qi Lu Wan Bao·2025-06-11 21:06

Core Viewpoint - The automotive industry is responding to the government's call to address "involution" competition by collectively committing to a payment term of no more than 60 days for suppliers, aiming to stabilize the supply chain and improve financial conditions for upstream partners [2][3][4]. Group 1: Industry Actions - Major automotive companies, including China FAW, Dongfeng Motor, GAC Group, and Seres, announced on June 10 that they would limit supplier payment terms to within 60 days, promoting a more efficient capital circulation mechanism [3][4]. - Following this, companies like BYD, Chery, and Xpeng joined the initiative, with a total of 17 key automotive manufacturers committing to the 60-day payment term by June 11 [4]. - The commitment aligns with the upcoming implementation of the "Regulations on Ensuring Payment to Small and Medium Enterprises," which emphasizes a 60-day payment deadline and aims to improve the business environment [4]. Group 2: Industry Challenges - The automotive sector is facing intense price wars, leading to a significant decline in profitability, with industry profits dropping to 462.3 billion yuan in 2024, down 8% year-on-year, resulting in a profit margin of only 4.3% [5]. - Despite record production and sales exceeding 31 million vehicles in 2023, the profit margin has decreased from 7.8% in 2017 to 4.3% in 2024, indicating a troubling trend of increasing sales but declining profitability [6][5]. - The average accounts receivable collection period for major automotive companies has increased, with the automotive industry facing severe cash flow challenges [6]. Group 3: Supplier Relations - The commitment to a 60-day payment term is expected to alleviate financial pressure on suppliers, enhancing their ability to invest in production and development, thereby stabilizing their operations [9]. - This initiative is anticipated to strengthen the cooperative relationship between suppliers and automotive companies, fostering a more supportive environment for quality products and services [9]. - The move is seen as a significant shift in supply chain management philosophy, promoting a healthier industry ecosystem and limiting the ability of companies to maintain low prices through delayed payments [10][11].