Core Points - 17 major automotive companies have committed to a payment term of "no more than 60 days" for suppliers, which has garnered significant attention from various sectors [1][3] - The Ministry of Industry and Information Technology supports the initiative and emphasizes the importance of establishing a stable supply chain and long-term cooperation between manufacturers and suppliers [2][4] Group 1: Payment Terms and Industry Impact - The initiative outlines specific requirements for payment processes, including a maximum acceptance time of 3 working days for goods and a clear start date for payment terms [1] - The shift towards shorter payment terms is expected to alleviate financial pressure on suppliers, thereby fostering innovation and strengthening the supply chain [2] - The commitment from the 17 automotive companies reflects their responsibility and dedication to promoting high-quality development within the industry [2][3] Group 2: Company Responses - Companies like Changan Automobile have already implemented a payment scheme that ensures payments are made within 60 days, showcasing a commitment to the initiative [3] - SAIC Group has announced a unified payment term of 60 days by June 2025, avoiding methods that increase financial pressure on suppliers [3] - Geely and Great Wall Motors have also expressed their commitment to the initiative by optimizing payment processes and ensuring timely payments to suppliers [3][4]

Core Viewpoint - The China Automotive Industry Association has released a payment standard initiative for automotive manufacturers, aiming to enhance payment practices and promote the healthy development of the automotive industry [1][2] Group 1: Payment Standards Initiative - The initiative specifies requirements for goods delivery acceptance, payment terms, and payment methods, including a maximum goods acceptance time of 3 working days and a payment term starting from the delivery and acceptance date [1] - It recommends that small and medium-sized enterprises (SMEs) use cash or bank acceptance bills for payments and encourages stable cooperation between suppliers and manufacturers, with contracts lasting no less than one year [1] Group 2: Impact on the Industry - The transition to electric vehicles is accelerating, making new energy vehicles the market mainstream, but the supply chain remains immature and requires investment for technological innovation [2] - Delayed payments from manufacturers increase operational pressure on suppliers, negatively impacting their ability to invest in innovation and the overall supply chain development [2] - A commitment from 17 key automotive manufacturers to limit payment terms to no more than 60 days reflects corporate responsibility and aims to foster a collaborative ecosystem for high-quality industry development [2]

Core Points - The China Automobile Industry Association (CAIA) has launched the "Supplier Payment Norms Initiative" to promote timely payments to suppliers and support the implementation of the "Regulations on Payment to Small and Medium Enterprises" [1][2] - The initiative aims to standardize payment terms and conditions in procurement contracts between automakers and suppliers, emphasizing the importance of establishing stable cooperative relationships [1][5] Group 1 - The initiative specifies that the acceptance of goods should be completed within three working days, and payment terms should start from the date of delivery and acceptance [1][2] - The initiative encourages automakers to adopt cash or bank acceptance bills for payments to small and medium enterprises, promoting a stable supply chain [1][2] - The initiative has received positive responses from major automakers, including Changan Automobile and Dongfeng Motor, who are committed to implementing the proposed payment norms [3][5] Group 2 - The transition to electric vehicles is accelerating, making it essential for automakers to maintain healthy cash flow to support innovation and supply chain resilience [2] - A commitment from 17 key automakers to limit payment terms to no more than 60 days reflects their responsibility and commitment to the industry [2] - The Ministry of Industry and Information Technology will facilitate communication among industry players to address challenges in implementing these payment norms [2]

Core Viewpoint - The China Automotive Industry Association has released a payment standard initiative for automotive manufacturers and suppliers, aiming to establish a collaborative and win-win development ecosystem in the automotive industry, particularly focusing on the timely payment of suppliers to promote high-quality development [1][3]. Group 1: Payment Standards - The initiative specifies that the payment period for manufacturers (Party A) should not exceed 60 calendar days from the date of delivery and acceptance of goods by suppliers (Party B) [2]. - It encourages manufacturers to make at least one centralized reconciliation per month and to pay suppliers based on the most recent contract price if there is no agreement on the supply price [2]. - The initiative advocates for cash or bank acceptance bills as payment methods, especially for small and medium-sized enterprises [2]. Group 2: Industry Response - The Ministry of Industry and Information Technology supports the initiative, emphasizing its importance in promoting industry standards and ensuring timely payments to suppliers [3]. - The initiative aims to enhance the stability of supplier relationships by recommending that contracts have a minimum validity period of one year [3]. - The commitment from 17 key automotive manufacturers to limit payment terms to 60 days reflects a sense of responsibility and accountability within the industry [4]. Group 3: Industry Challenges - The transition to electric vehicles is accelerating, but the supply chain for new energy vehicles remains immature, with suppliers facing instability and pressure due to delayed payments [4]. - Delayed payments can hinder technological innovation and the establishment of a robust supply chain, negatively impacting the overall industry [4]. - The initiative is seen as a step towards improving operational efficiency and fostering a modern management system within automotive enterprises [4].

Core Viewpoint - The article discusses the initiative by the China Automobile Industry Association to standardize payment terms between automakers and suppliers, aiming to support high-quality practices and ensure timely payments to suppliers [1][4]. Group 1: Payment Terms Initiative - The initiative proposes that the payment period for automakers should not exceed 60 calendar days from the date of delivery and acceptance of goods by the automaker [1][4]. - For continuous supply from non-small and medium-sized enterprises, parties can agree to consolidate accounts within a certain timeframe, with the payment period starting from the date of reconciliation [1][4]. - If the price of supplied goods is not agreed upon, the automaker should make an initial payment based on a certain percentage of the last contract price, with a minimum of 80% of the supply contract price or 50% of the development price [1][4]. Group 2: Long-term Cooperation - The initiative encourages both parties to establish long-term stable cooperative relationships, with each contract having a minimum validity period of one year [1][4]. - The initiative aims to promote a healthy development ecosystem in the automotive industry, emphasizing mutual support and shared growth between automakers and suppliers [4][5]. Group 3: Industry Context and Challenges - The industrial transformation towards electric vehicles is accelerating, with new energy vehicles becoming mainstream, while traditional fuel vehicles have a longer development history [4]. - The supply chain for new energy vehicles is still maturing, and suppliers face instability, which can hinder technological innovation and the overall development of the industry [4]. - Delayed payments from automakers can increase operational pressure on suppliers, negatively impacting their ability to invest in innovation and development [4].

Core Viewpoint - The China Automobile Industry Association (CAIA) has released a payment guideline initiative aimed at standardizing payment terms between automobile manufacturers and suppliers, promoting timely payments to enhance operational efficiency and support the development of a modern management system in the industry [2][3]. Group 1: Payment Guidelines - The initiative specifies that the payment period for manufacturers (Party A) should not exceed 60 calendar days from the date of delivery and acceptance of goods by the supplier (Party B) [2]. - For continuous supply from non-small and medium-sized enterprises, the payment period can be negotiated to allow for consolidated accounting, with at least one reconciliation per month [2]. - If the price for supplied goods is not agreed upon, manufacturers should make an initial payment based on a percentage of the last contract price, ideally not less than 80% of the supply contract price or 50% of the development price [2]. Group 2: Industry Impact - The initiative aims to foster long-term stable relationships between manufacturers and suppliers, with contracts having a minimum validity of one year [3]. - The Ministry of Industry and Information Technology supports the initiative, emphasizing its importance in promoting standardized development within the automotive industry [3]. - The shift towards electric vehicles is accelerating, and the initiative is seen as crucial for enhancing supply chain stability and encouraging technological innovation within the industry [3][4]. Group 3: Commitment from Key Enterprises - Seventeen major automobile manufacturers have committed to a payment term of "not exceeding 60 days," reflecting their responsibility and commitment to suppliers [4]. - The Ministry will leverage industry communication mechanisms to address implementation challenges and promote a collaborative ecosystem between manufacturers and parts suppliers [4].

Core Viewpoint - The article discusses the initiative by the China Automobile Industry Association to establish payment norms for automotive suppliers, emphasizing the importance of timely payments to support the industry's sustainable development and innovation [1][2]. Group 1: Payment Norms Initiative - The initiative outlines requirements for goods delivery acceptance, payment terms, and payment methods, recommending that payment for small and medium enterprises be made in cash or bank acceptance bills [1]. - It specifies that the acceptance of goods should not exceed three working days, and the payment term should start from the date of delivery and acceptance [1]. - The initiative aims to promote stable cooperation between suppliers and manufacturers, with contracts having a minimum validity of one year [1]. Group 2: Impact on the Industry - The transition to electric vehicles is accelerating, making it crucial for the supply chain to mature and for suppliers to have stable expectations [2]. - Delayed payments from manufacturers increase operational pressure on suppliers, negatively impacting their ability to invest in technological innovation [2]. - Shortening payment terms can enhance the operational efficiency of manufacturers and support the establishment of a modern management system [2]. Group 3: Commitment from Key Enterprises - Seventeen key automotive manufacturers have committed to a payment term not exceeding 60 days, reflecting their responsibility and commitment to suppliers [2]. - The Ministry of Industry and Information Technology will leverage industry communication mechanisms to address issues and promote a collaborative ecosystem between manufacturers and parts suppliers [2].