Core Viewpoint - The China Automobile Industry Association (CAAM) has released a "Payment Norms Initiative" aimed at standardizing payment practices between automobile manufacturers and suppliers, addressing issues such as order confirmation, delivery and acceptance, payment and settlement, and contract duration [1][8]. Group 1: Order Confirmation - The initiative emphasizes that both automobile manufacturers and suppliers must confirm order details such as order date, part specifications, quantity, and delivery cycle through procurement orders. Any changes or cancellations to effective orders must be mutually agreed upon [3]. Group 2: Delivery and Acceptance - The initiative specifies that manufacturers should complete the acceptance of goods within three working days of receipt. If discrepancies in quantity or quality are found, the supplier must rectify the issue within a specified timeframe, with liability and compensation handled according to the contract [3]. Group 3: Payment and Settlement - Payment terms are set to begin from the date of delivery and acceptance, with a maximum period of 60 calendar days. For continuous suppliers, payment can be consolidated after mutual agreement. If pricing is not agreed upon, manufacturers should make an initial payment based on a percentage of the last contract price [4][8]. - The initiative encourages long-term partnerships, with contracts having a minimum validity of one year [4]. Group 4: Industry Context and Impact - The automotive market is experiencing intensified competition, leading to pressure on suppliers through lower procurement prices and extended payment periods, which negatively impacts the health of the supply chain. In the first four months of this year, China's automobile production and sales exceeded 10 million units, but industry profit margins fell to 4.1% [4][5]. - The initiative aims to protect the rights of suppliers, especially small and medium-sized enterprises, and to foster a collaborative ecosystem between manufacturers and parts suppliers [5][6]. Group 5: Government Support and Industry Response - The Ministry of Industry and Information Technology supports the initiative, which clarifies requirements for delivery acceptance, payment timelines, and settlement processes. Several major manufacturers have publicly committed to adhering to the 60-day payment term [5][9]. - The initiative reflects a shift in the relationship between automotive manufacturers and suppliers, indicating a deeper adjustment phase within the industry [6].
明确60天账期 中汽协喊话车企解绑供应商
Bei Jing Shang Bao·2025-09-15 16:14