Core Viewpoint - The China Automotive Industry Association has launched the "Supplier Payment Norms Initiative" to promote a collaborative and win-win ecosystem between vehicle manufacturers and suppliers, ensuring the protection of suppliers' interests and fostering high-quality development in the automotive industry [2][5][14]. Group 1: Initiative Details - The initiative aims to prevent large enterprises from exploiting their advantageous positions to harm suppliers and to establish a cooperative development ecosystem between vehicle manufacturers and parts suppliers [2][3]. - Key aspects of the initiative include confirming order details, payment terms, and establishing long-term cooperative relationships with contracts lasting no less than one year [4][5]. Group 2: Industry Response - Major automotive companies such as Dongfeng Motor Group, SAIC Motor Corporation, Chery Automobile, and BYD have publicly committed to implementing the initiative, focusing on key areas like order confirmation, delivery, payment, and contract duration [3][5][14]. - SAIC has standardized supplier payment terms to within 60 days and has committed to not using commercial bills to alleviate supplier financial pressure [6][14]. - Chery has implemented measures to shorten average payment periods for suppliers and has introduced a digital approval process to enhance efficiency [7][14]. Group 3: Long-term Goals - The initiative is part of a broader effort by national ministries to stabilize the supply chain and promote high-quality development in the automotive sector [6][9]. - Companies are encouraged to strengthen self-discipline and work together to enhance the resilience and competitiveness of the automotive industry [9][10].