Core Viewpoint - The China Automotive Industry Association (CAIA) has launched a "Payment Norms Initiative" aimed at standardizing payment practices among automotive manufacturers to protect the rights of suppliers, especially small and medium-sized enterprises (SMEs) [1][4][8]. Group 1: Payment Norms Initiative - The initiative outlines specific requirements for key processes including order confirmation, delivery acceptance, payment settlement, and contract duration [4][5]. - It addresses the prevalent issue of acceptance delays, recommending that manufacturers complete acceptance within three working days after receipt of goods [1][4]. Group 2: Industry Response - 17 major automotive companies have publicly committed to a payment term not exceeding 60 days, receiving positive feedback from various sectors [4][10]. - Companies such as Dongfeng, SAIC, Chery, BYD, and NIO have expressed their commitment to the initiative, emphasizing the importance of protecting supplier rights and enhancing supply chain resilience [10][12][16]. Group 3: Implementation Challenges - The CAIA has noted inconsistencies in the execution of the 60-day payment term due to the complexity of payment processes and differences in supply chain management among manufacturers [4][5]. - A special task force has been established to conduct research and gather feedback from the supply chain to better support the implementation of the payment norms [4][8]. Group 4: Government Support - The Ministry of Industry and Information Technology (MIIT) has expressed support for the initiative, highlighting its role in promoting industry standards and ensuring timely payments to suppliers [8][9]. - The MIIT has also opened a platform for SMEs to report issues related to payment delays by major automotive companies [7][9]. Group 5: Long-term Cooperation - The initiative encourages manufacturers to establish long-term, stable relationships with suppliers, with contracts having a minimum validity of one year [7][8]. - Companies are urged to adopt practices that foster mutual benefit and collaboration within the automotive ecosystem to promote high-quality industry development [9][17].
今天,比亚迪、理想、小米汽车等车企集体表态