Core Viewpoint - NIO actively responds to the initiative released by the China Automobile Industry Association regarding the payment norms for automotive suppliers, aiming to establish long-term and mutually beneficial partnerships with its collaborators [1] Group 1 - NIO commits to high-quality implementation of supplier payment terms and the initiative for automotive supplier payment norms [1] - The company aims to build a collaborative and win-win development ecosystem between vehicle manufacturers and component suppliers [1]

Core Viewpoint - NIO actively responds to the initiative released by the China Association of Automobile Manufacturers regarding the payment norms for automotive suppliers, aiming to establish long-term, mutually beneficial partnerships with its collaborators [1] Group 1 - NIO commits to high-quality implementation of supplier payment terms and the payment norms initiative [1] - The company aims to build a collaborative ecosystem between vehicle manufacturers and component suppliers to promote high-quality development in the automotive industry [1]

Core Viewpoint - The China Automotive Industry Association has released the "Supplier Payment Norms Initiative for Complete Vehicle Enterprises," which aims to standardize payment terms in procurement contracts between automakers and suppliers, receiving positive responses from multiple car manufacturers [1][3][5][8][10]. Group 1: Company Responses - SAIC Group will actively implement the "Regulations on Payment for Small and Medium-sized Enterprises" and focus on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract duration to promote efficient capital flow among upstream and downstream enterprises [1]. - Dongfeng Motor has committed to implementing the initiative's requirements in order confirmation, delivery and acceptance, payment and settlement, and contract duration to protect supplier rights and enhance supply chain resilience [3]. - Chery Group has pledged to standardize contract terms in key areas and comply with the "Regulations on Payment for Small and Medium-sized Enterprises," aiming to build a collaborative and win-win ecosystem between complete vehicles and components [5]. - Li Auto will continue to adhere to the commitment of a payment period within 60 days, ensuring timely acceptance of goods and settlement standards to support stable operations for partners [8]. - Changan Automobile has fully honored its commitment to a 60-day payment period and has developed an efficient payment process for supplier payments through an innovative "payment collection within ten days from the delivery date" scheme [10][11].

Core Points - The China Automotive Industry Association has released a proposal for payment norms regarding supplier accounts, which has been positively acknowledged by the Ministry of Industry and Information Technology [1] - Changan Automobile has committed to aligning its supplier payment terms to within 60 days, demonstrating its corporate social responsibility and supporting the efficient cash flow of small and medium-sized enterprises [1] - As of now, Changan Automobile has implemented an innovative payment scheme based on "payment calculated from the delivery date + ten days collection," fully honoring its commitment to the 60-day payment term [1] Industry Impact - The initiative aims to promote high-quality development within the automotive industry by ensuring better collaboration and financial stability among supply chain participants [1] - The standardization of payment terms is expected to enhance the operational efficiency of the industry and support the overall health of the supply chain [1]

Group 1 - Chery Group actively responds to the initiative released by the China Association of Automobile Manufacturers on September 15 regarding the payment norms for suppliers [1] - The company commits to standardizing contract agreements in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] - Chery aims to implement the requirements of the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" to build a collaborative and win-win development ecosystem between vehicle manufacturers and parts suppliers [1]

Core Viewpoint - Chery Group actively responds to the initiative released by the China Association of Automobile Manufacturers on September 15, focusing on standardizing payment practices for suppliers in the automotive industry [1] Group 1 - Chery Group commits to regulating contract agreements in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract duration [1] - The company aims to implement the requirements of the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" [1] - Chery Group seeks to build a collaborative and win-win development ecosystem between "complete vehicles and components" [1]

Group 1 - The China Automotive Industry Association released a payment standard initiative for automotive manufacturers and suppliers [1] - The initiative outlines requirements for goods delivery acceptance, payment terms commencement, reconciliation, and payment processes [1] - The Ministry of Industry and Information Technology expressed support for the initiative [1]

Core Viewpoint - The China Automotive Industry Association has released a set of guidelines aimed at standardizing payment practices between vehicle manufacturers and suppliers, emphasizing the importance of fair treatment and collaboration to promote high-quality development in the automotive industry [1][3]. Group 1: Payment Norms - The initiative stresses adherence to the "Regulations on Payment for Small and Medium-sized Enterprises," ensuring that large enterprises do not exploit their dominant position to harm suppliers' interests [1][3]. - Payment terms stipulate that the maximum payment period should not exceed 60 calendar days from the date of delivery and acceptance [4][5]. - For continuous supply from non-SME suppliers, parties may agree to consolidate accounts, with the payment period starting from the date of reconciliation [5]. Group 2: Order and Delivery Process - Both parties must confirm order details, including delivery dates, part specifications, and quantities through purchase orders [4]. - Suppliers are required to deliver goods according to the purchase order and must ensure that products are defect-free and meet packaging requirements [4]. - Vehicle manufacturers must complete acceptance of goods within three working days and issue an acceptance certificate if the goods meet the required standards [4]. Group 3: Contractual Relationships - The initiative encourages the establishment of long-term and stable cooperative relationships, with contracts having a minimum validity period of one year [2][5]. - It promotes the use of cash or bank acceptance bills for payments, especially for small and medium-sized enterprises [5].