

Core Viewpoint - Multiple domestic automakers have announced a unified payment term of 60 days for suppliers, responding to the government's initiative to support small and medium-sized enterprises and promote high-quality development in the automotive industry [1][2][3][11][14]. Group 1: Company Announcements - BYD announced the implementation of a 60-day payment term for suppliers to stabilize the supply chain and support the healthy development of small and medium-sized enterprises [1]. - Xpeng Motors also declared a unified payment term of 60 days for suppliers [2]. - Dongfeng Motor Group stated that the 60-day payment term aims to enhance efficient capital flow within the supply chain [3]. - GAC Group committed to maintaining a payment term of no more than 60 days to ensure efficient capital turnover in the supply chain [5]. - China FAW Group emphasized the importance of a 60-day payment term and plans to optimize processes for better efficiency [7]. - Geely Auto Group announced a unified payment term of 60 days to accelerate capital turnover and stabilize the supply chain [11]. Group 2: Regulatory Context - The collective response from domestic automakers aligns with the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises," which mandates a 60-day payment term and prohibits forced acceptance of non-cash payment methods [14]. - The Ministry of Industry and Information Technology has called for measures to address issues in the new energy vehicle industry, with the payment term regulation being a specific action to combat payment delays [14].