Group 1 - The core viewpoint of the article highlights Chery Group's efforts to enhance supplier payment terms, reducing the average payment period to 47 days through a strategy termed "four major combinations" [1][3] - The "four major combinations" include standardizing payment terms to a maximum of 60 days, promoting efficient collaboration across departments, implementing digital approval processes, and establishing a prepayment mechanism for small and medium enterprises [1][3] - A commitment letter was signed by 17 major domestic car manufacturers to maintain fair competition, agreeing to limit supplier payment terms to no more than 60 days [1][3] Group 2 - The Ministry of Industry and Information Technology (MIIT) has been actively involved in monitoring the implementation of these commitments by major car manufacturers, including FAW Group, GAC Group, and Seres Group [1][3] - The Chinese Automobile Industry Association emphasizes the importance of creating a collaborative and sustainable development environment between car manufacturers and supply chain enterprises for the overall growth of the automotive industry [1][3]

Core Viewpoint - The article discusses the commitment of major Chinese automotive companies to adhere to a payment term of no more than 60 days for suppliers, highlighting the initiatives taken by China FAW, GAC Group, and Seres to implement this policy effectively [1][2][3]. Group 1: China FAW - China FAW has established a cross-departmental task force to ensure the 60-day payment commitment is transformed into a long-term mechanism through closed-loop management [4][5]. - The company has implemented a comprehensive management system covering the entire payment process, ensuring seamless coordination among departments and enhancing transparency to prevent payment delays [4][6]. - China FAW has introduced a policy to provide 100% cash payments to recognized small and medium-sized suppliers starting from June 2025, having already reviewed over 2,000 suppliers [5][6]. Group 2: GAC Group - GAC Group has maintained a strict policy of paying suppliers within 60 days since its establishment in 1997, serving as a model for the industry [9][10]. - The company has developed a full-process management system that includes digital management to ensure transparency and efficiency in the payment process [10][11]. - GAC Group emphasizes cash payments as a primary method of settlement, fostering long-term trust with suppliers [12][13]. Group 3: Seres - Seres has introduced the innovative "factory within a factory" model to ensure the execution of the 60-day payment commitment, streamlining processes and reducing costs [16][18]. - The company has established a digital management system that allows suppliers to track order acceptance and payment status in real-time, ensuring transparency [17][18]. - Seres has implemented a flexible emergency mechanism to accommodate suppliers facing financial difficulties, demonstrating a commitment to maintaining strong supplier relationships [19].