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阻碍高质量发展的两大顽疾:供应链挤压和恶性价格战

Core Viewpoint - The automotive industry is experiencing a "de-involution" movement, with major companies collectively reducing supplier payment terms to 60 days, addressing long-standing issues of supply chain pressure and vicious price wars that hinder high-quality development [1] Group 1: Supply Chain Pressure - The phenomenon of "squeezing suppliers" originated around 2000, where dominant companies delay payments to suppliers, forcing them to concede profits and narrowing their operational space [2] - Supply chain pressure has evolved from individual business practices to systemic arrangements within various industries, including automotive, where stronger companies impose financial burdens on weaker suppliers [3] Group 2: Vicious Price Wars - In the automotive sector, particularly in the new energy vehicle market, supply chain pressure is exacerbated by fierce competition and overcapacity, leading to a cycle of price wars that further compress profit margins [4] - The automotive industry's profit margins are projected to be only 4.3% in 2024, lower than the overall downstream industrial profit margin and down from 2023 levels, indicating a significant decline in profitability [5] Group 3: Regulatory Changes - The newly revised "Regulations on Payment for Small and Medium Enterprises" mandates that large enterprises must complete payments to small suppliers within 60 days, aiming to mitigate supply chain pressure and price wars [6]