汽车行业即时点评：龙头车企缩短供应商账期，多方合力优化行业生态

Investment Rating - The report indicates a positive outlook for the automotive industry, particularly for leading companies that are adapting to new competitive dynamics [4]. Core Insights - Shortening supplier payment terms to 60 days is expected to improve liquidity and reduce financial pressure within the supply chain [2]. - The automotive industry is shifting from price-based competition to a healthier competitive environment, as highlighted by the recent initiatives from major automotive companies [3]. - Overall profitability pressures in the industry may ease, with leading companies benefiting the most from these changes [4]. Summary by Sections Supplier Payment Terms - Major automotive companies in China have committed to standardizing supplier payment terms to 60 days, which is aimed at enhancing cash flow and reducing financial strain on suppliers [1][2]. Competitive Landscape - The industry is moving towards a more sustainable competitive landscape, with a focus on fair competition rather than price wars, as emphasized by the China Association of Automobile Manufacturers [3]. Profitability Outlook - The report suggests that the internal competition within the automotive sector may lessen, leading to reduced profitability pressures across the industry, particularly benefiting leading firms like BYD, Li Auto, and Geely [4].