Core Viewpoint - The automotive industry is experiencing a strong performance, with several companies' stocks hitting the limit up, indicating positive market sentiment and potential growth opportunities [1]. Industry Summary - The automotive index closed at 16,659.06, with a trading volume of 17.1 billion and a turnover of 35.583 billion, reflecting a 2.31% increase [2]. - The China Automotive Industry Association has issued a payment standard initiative aimed at ensuring fair payment practices between vehicle manufacturers and suppliers, promoting a collaborative ecosystem [4]. - The initiative encourages long-term stable partnerships between manufacturers and suppliers, with contracts lasting no less than one year [4]. Company Responses - Chery Group has committed to adhering to the payment standards and ensuring compliance with the initiative [6]. - Li Auto has reaffirmed its commitment to a 60-day payment period for suppliers, emphasizing timely delivery and settlement [8]. - Seres has expressed support for the initiative, advocating for self-discipline among companies to foster high-quality industry development [10]. - Changan Automobile has successfully implemented the 60-day payment commitment and developed an efficient payment process for suppliers [12]. - GAC Group has pledged to uphold its commitments to suppliers and promote healthy development across the supply chain [14]. - BYD has committed to implementing the initiative and focusing on key contract elements to enhance collaboration with partners [16]. - NIO has expressed its dedication to building a mutually beneficial relationship with suppliers, emphasizing the importance of a healthy supply chain [18][19]. - Xiaomi Auto has reiterated its commitment to the 60-day payment period and aims to enhance supply chain resilience [21]. - SAIC Group has standardized its supplier payment period to 60 days and will avoid practices that increase financial pressure on suppliers [23][24]. - XPeng Motors has committed to maintaining the 60-day payment period and ensuring efficient operations with partners [26]. - Leap Motor has pledged to support the initiative and ensure supply chain stability [28][29]. - Geely Auto Group has expressed its commitment to implementing the initiative in key operational areas [31].

今天(9月15日)，中国汽车工业协会发布汽车整车企业供应商账款支付规范倡议(以下简称"支付规范倡议")，对订单确认、交付验收、支付结算、合同期限 等关键环节提出具体要求。其中针对行业反映强烈的验收"卡点"问题，提出车企应原则上在收货后3个工作日内完成验收。 截至目前，东风、上汽、奇瑞、赛力斯（601127）、理想、长安、广汽、比亚迪（002594）、小米汽车、吉利汽车集团、小鹏汽车、蔚来汽车等车企纷纷 表态。 60天账期执行尺度不一 中汽协再出手规范 中汽协指出，近两年，汽车市场竞争日趋"白热化"，竞争压力转嫁、传导至上游供应链，压低采购价格、延长付款周期等问题凸显，给产业链、供应链健 康发展带来不利影响。为维护供应商企业特别是中小供应商企业合法权益，构建"整车—零部件"协作共赢产业生态，在主管部门的指导下，17家重点车企 公开承诺"支付账期不超过60天"。 相关承诺受到广泛好评，社会各界高度关注实施情况，并对账期缩短充满期待。但由于账款支付涉及环节多、流程复杂，加之各车企供应链管理体系存在 差异，执行过程中出现了尺度不一的情况。为推动解决这一问题，中国汽车工业协会成立专项工作组，深入开展情况调研，广泛征求产 ...

Group 1 - The China Automotive Industry Association (CAAM) issued an initiative on September 15, 2023, regarding payment norms for suppliers, emphasizing the importance of timely payments in the automotive industry [1] - A total of 17 automotive companies, including major players like SAIC, Geely, BYD, and NIO, have publicly supported the initiative and committed to adhering to the payment norms [1][4] - The initiative encourages the use of cash or bank acceptance bills for payments, particularly for small and medium-sized enterprises (SMEs) [2] Group 2 - SAIC Group and Geely have explicitly stated they will not use commercial acceptance bills, which could increase financial pressure on suppliers, and will standardize payment terms to within 60 days [2] - Several companies, including Li Auto, Xiaomi, and Changan, have reiterated their commitment to a 60-day payment period and are working on optimizing their payment processes [3][4] - The Ministry of Industry and Information Technology (MIIT) has established a platform for SMEs to report issues regarding the adherence to payment commitments by key automotive companies [4][5]

Core Viewpoint - A total of 17 automotive companies have committed to actively implement the "Supplier Payment Norms Initiative" to foster a collaborative and win-win development ecosystem in the automotive industry, promoting high-quality development [1] Group 1: Companies Involved - Nine automotive manufacturers, including NIO, Great Wall Motors, Xiaomi Auto, and others, have made statements supporting the initiative [1] - Eight additional companies, such as Dongfeng Motor Group and BYD, had previously expressed their commitment to the same initiative [1] Group 2: Initiative Details - The initiative aims to establish a collaborative ecosystem between vehicle manufacturers and parts suppliers, focusing on mutual benefits and high-quality growth in the automotive sector [1]

Group 1 - The China Automotive Industry Association (CAAM) released the "Supplier Payment Norms Initiative" on September 15, prompting several automakers to respond positively [2][4] - BYD expressed its commitment to the initiative, focusing on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract duration to foster a collaborative ecosystem for high-quality development in the automotive industry [2][4] - Xiaomi Auto fully supports the initiative and commits to maintaining a payment period of within 60 days, emphasizing the importance of supplier rights and enhancing supply chain resilience [6] Group 2 - Other automakers, including Dongfeng Motor, Changan Automobile, BAIC Group, Chery Group, Seres, and Li Auto, also responded positively to the CAAM initiative [7] - In June, 17 major automakers, including FAW and Dongfeng, pledged to keep supplier payment periods within 60 days, aligning with the newly released initiative [7] - The initiative outlines specific requirements for goods delivery acceptance, payment periods, and encourages stable cooperation between suppliers and automakers, which is crucial for the regulated development of the automotive industry [7]

Core Viewpoint - The China Automobile Industry Association (CAAM) has released a guideline to standardize payment terms between automobile manufacturers and suppliers, establishing a maximum payment period of 60 days from the date of delivery and acceptance of goods [4][5]. Group 1: Payment Terms - The payment period for automobile manufacturers to suppliers starts from the date the supplier delivers goods and passes the manufacturer's acceptance, with a maximum of 60 calendar days [4]. - Manufacturers are encouraged to complete the acceptance of goods within three working days after receipt [4]. - Payment methods should be negotiated, with a preference for cash (bank transfer, remittance, etc.) or bank acceptance bills, especially for small and medium-sized suppliers [4][5]. Group 2: Supplier Relations - The initiative promotes the establishment of long-term stable relationships between manufacturers and suppliers, with contracts having a minimum validity of one year [4]. - For non-small and medium-sized suppliers providing continuous supply (more than twice a month), both parties can agree to consolidate accounts within a certain timeframe, starting from the date of reconciliation [5]. - Manufacturers are required to conduct at least one reconciliation per month to verify the quantity of accepted goods and corresponding payments [5]. Group 3: Support for Small and Medium Enterprises - The initiative aims to implement the "Regulations on Payment for Small and Medium Enterprises," supporting key manufacturers in fulfilling their payment commitments to suppliers [5]. - It emphasizes not exploiting the advantages of large enterprises to harm supplier interests, fostering a collaborative ecosystem between manufacturers and parts suppliers for high-quality development in the automotive industry [5].

Core Viewpoint - The China Automobile Industry Association has launched the "Supplier Payment Norms Initiative" to standardize payment practices between automobile manufacturers and suppliers, aiming to promote the healthy development of the automotive industry [1] Group 1: Initiative Details - The initiative specifies requirements for delivery acceptance, payment terms, and contract duration, including a maximum delivery acceptance time of three working days and a minimum contract duration of one year [1] - The initiative is expected to significantly contribute to the standardized development of the automotive industry [1] Group 2: Company Responses - SAIC Motor Group has unified supplier payment terms to within 60 days and will not use commercial acceptance bills to alleviate supplier financial pressure [2] - BYD has committed to implementing the initiative and enhancing collaboration with upstream and downstream partners to foster a win-win ecosystem [4] - GAC Group has consistently adhered to a payment principle of not exceeding 60 days for suppliers since its establishment in 1997, demonstrating its commitment to supplier relationships [6] - Changan Automobile has implemented a payment scheme that ensures a 60-day payment period, promoting high-quality industry development [9] - Dongfeng Motor has pledged to protect supplier rights and enhance supply chain resilience [11] - Xiaomi Auto has reaffirmed its commitment to a 60-day payment period and aims to strengthen supplier relationships [13] - Li Auto has committed to timely delivery acceptance and settlement standards to ensure partner stability [16] - NIO has expressed its intention to build long-term mutually beneficial relationships with partners while adhering to the payment norms [17] - Xpeng Motors has committed to strict adherence to the initiative and ensuring timely payment and acceptance processes [22]

Group 1 - The core viewpoint of the article is that Geely Automobile Group is actively responding to the initiative released by the China Association of Automobile Manufacturers regarding the payment norms for automotive suppliers [1] - Geely will implement actions in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] - The company commits to not using commercial acceptance bills, which could increase financial pressure on suppliers, and aims to uphold supplier payment commitments with high quality [1]

Core Viewpoint - The China Automotive Industry Association has released a proposal to standardize payment practices between automotive manufacturers and suppliers, emphasizing key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] Group 1: Industry Response - Major automotive companies including SAIC Motor, BYD, GAC Group, Changan Automobile, Dongfeng Motor, Xiaomi Auto, Li Auto, NIO, Seres, and Xpeng have expressed their support for the initiative [1] - These companies are committed to adhering to a payment term of 60 days or less, ensuring timely payment to suppliers and fostering stable partnerships [2][4][6][9][11][13][15][16][19] Group 2: Specific Company Actions - SAIC Motor has officially announced a unified payment term of 60 days by June 2025, avoiding methods that increase financial pressure on suppliers [2] - BYD focuses on technological innovation and management optimization to enhance collaboration with upstream and downstream partners [4] - GAC Group has maintained a strict 60-day payment principle since its establishment in 1997, demonstrating long-term commitment to supplier relationships [6] - Changan Automobile has implemented a payment process that ensures compliance with the 60-day payment commitment [9] - Dongfeng Motor emphasizes the protection of supplier rights and the stability of supplier expectations [11] - Xiaomi Auto and Li Auto both reaffirm their commitment to the 60-day payment term and focus on key operational aspects [13][15] - NIO aims to establish long-term mutually beneficial relationships with partners while adhering to the payment proposal [16] - Seres advocates for self-discipline among enterprises to promote high-quality industry development [17] - Xpeng Auto is committed to timely payment and efficient settlement processes to support supplier stability [19]

Core Viewpoint - The China Automotive Industry Association has launched an initiative to standardize payment practices between vehicle manufacturers and suppliers, aiming to protect suppliers' interests and promote a collaborative ecosystem for high-quality development in the automotive industry [1][2]. Group 1: Initiative Details - The initiative encourages long-term stable cooperation between parties, with contracts having a minimum validity of one year [2]. - It specifies requirements for goods delivery acceptance, payment terms, reconciliation, and payment processes, which are crucial for promoting standardized development in the automotive sector [2]. Group 2: Company Responses - Chery Group has committed to standardizing contract agreements in key areas such as order confirmation and payment processes, in line with the initiative [3]. - Li Auto has reiterated its commitment to a payment term of within 60 days and will adhere to standards for timely goods acceptance and reconciliation [3]. - Seres has called for self-discipline among companies to foster a healthy development environment and enhance industry competitiveness [3]. - Changan Automobile has confirmed it has fully implemented the 60-day payment term and developed an efficient payment process for suppliers [3]. - GAC Group has expressed strong support for the initiative and aims to maintain transparent and efficient cooperation with suppliers [3]. - BYD has committed to focusing on key areas such as order confirmation and payment processes to promote high-quality development in the automotive industry [3]. - NIO has emphasized the importance of a healthy supply chain for product quality and user experience, committing to long-term mutually beneficial relationships with partners [3]. - Xiaomi Auto has pledged to continue adhering to the 60-day payment term and enhance supply chain resilience [3].