吉利桂生悦：缩短供应商账期，将是行业竞争格局演变的分水岭

Core Viewpoint - The Chinese automotive industry is moving towards shortening supplier payment terms to within 60 days, with major companies like Geely and others participating in this initiative, aiming to stabilize the supply chain and reduce internal competition [2][3] Group 1: Industry Trends - Major automotive groups including FAW, Dongfeng, GAC, and Seres have committed to controlling supplier payment terms, indicating a shift towards a healthier competitive landscape [2] - The consensus in the market is that the Chinese automotive market cannot sustain too many brands, leading to a "survival of the fittest" scenario where product quality and customer satisfaction will be key competitive factors [3] Group 2: Company Insights - Geely's CEO stated that the company is in a strong cash flow position, with current cash and cash equivalents of 35.24 billion and current liabilities of 9.43 billion, indicating that the shortened payment terms will not negatively impact its financial health [2] - Geely has already been considering shorter payment terms prior to the recent industry push, viewing timely payments to suppliers as a corporate responsibility [3] Group 3: Strategic Implications - The commitment to shorten payment terms is seen as a necessary step for the development of the Chinese automotive industry, which will enhance product quality and reduce price wars [3] - Geely emphasizes the importance of considering the entire supply chain in decision-making, moving away from a self-centered approach to ensure sustainable industry growth [3]