Bei Ke Cai Jing·2025-09-15 04:52Core Viewpoint - BYD is actively responding to the "Supplier Payment Norms Initiative" and is committed to implementing the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" to enhance the automotive industry's high-quality development in China [1] Group 1: Company Initiatives - BYD focuses on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract duration to optimize its operations [1] - The company aims to build a collaborative and win-win development ecosystem with upstream and downstream partners through technological innovation and management optimization [1] Group 2: Industry Context - Recent decisions and deployments by the Ministry of Industry and Information Technology and other national ministries aim to stabilize the industrial and supply chains while promoting high-quality development in the automotive sector [1] - The China Association of Automobile Manufacturers has issued the "Supplier Payment Norms Initiative" to standardize payment-related content in procurement contracts between vehicle manufacturers and supply chain companies [1]