Group 1 - The automotive industry is collectively committing to shorten payment terms to within 60 days for suppliers, responding to national requirements for stabilizing the supply chain and promoting high-quality development in the automotive sector [1] - Previously, automotive supply chain companies faced long payment cycles, sometimes extending up to 9 months or more, which strained the cash flow of many small and medium-sized suppliers [1] - Experts suggest that merely verbal commitments from automakers may not ensure timely payments; there is a need to standardize payment methods, such as mandating cash payments and prohibiting 6-month promissory notes to prevent delays in receivables [1] Group 2 - Xiaomi's automotive vice president clarified that a recent fire incident involving a Xiaomi vehicle in Qingdao was due to a collision that ignited flammable materials in the passenger seat, with no injuries reported [1] - Volkswagen announced a personnel change, appointing Kai Ze Kai as the new CEO for its passenger car brand in China, effective July 1, 2025, succeeding Meng Xia, who will return to Germany for a new role [1] - AliExpress, a cross-border e-commerce platform under Alibaba, has launched a car sales business, initially offering Chinese electric vehicles in the Middle East during the overseas 618 shopping festival, marking it as the first platform among the "four little dragons" to sell cars [1]
小米汽车高管回应青岛着火事故:系碰撞致副驾易燃物起火;速卖通在中东上线卖车业务丨汽车交通日报