构建更具韧性的产业协同生态 上汽领衔车企账期“双承诺”

Core Viewpoint - A "payment term revolution" is taking place in the automotive industry, with major companies committing to limit supplier payment terms to within 60 days, aiming to enhance the financial flow and resilience of the industry ecosystem [2][4]. Group 1: Industry Context - The average payment term for Chinese automotive companies in 2024 is projected to be 170-200 days, significantly longer than the 37-65 days seen in foreign companies like Toyota and Mercedes [2]. - The automotive industry is currently facing a profit margin decline, with the overall profit rate dropping to 3.9% in the first quarter of 2024, marking a new low in recent years [3]. - The long payment terms have created financial strain on suppliers, with some facing payment cycles of up to 9 months, leading to reliance on discounting and short-term loans [3]. Group 2: Legislative and Regulatory Framework - The "Regulations on Ensuring Payment to Small and Medium Enterprises" came into effect on June 1, 2024, mandating that large enterprises must pay small and medium enterprises within 60 days of delivery [3]. Group 3: Company Initiatives - SAIC Motor Corporation has taken the lead by committing to a 60-day payment term and explicitly excluding commercial acceptance bills, which add financial pressure on suppliers [5][6]. - The company's commitment is seen as a model for the industry, promoting a healthier competitive environment and facilitating high-quality development [5][6]. Group 4: Company Performance and Strategy - SAIC has undergone significant internal reforms, focusing on resource integration and business streamlining, which has led to improved operational efficiency and market performance [6][7]. - In May 2025, SAIC's wholesale sales reached 366,000 units, a year-on-year increase of 10.2%, with a notable 50.3% increase in monthly sales of new energy vehicles [7]. - The company's global strategy has also been successful, becoming the best-selling Chinese car manufacturer in the EU, UK, and Nordic countries in early 2024 [7]. Group 5: Industry Implications - The 60-day payment term standard is expected to enhance corporate image, foster industry collaboration, and improve product quality, ultimately benefiting companies that adhere to these practices [8].