汽车供应商说，"天亮了"。 近日，近20家重点车企先后承诺将供应商支付账期缩短至60天内，以响应6月1日起正式实施的《保障中 小企业款项支付条例》（以下简称《条例》）。 政策监管强力介入，拉开了中国汽车产业"账期革命"的序幕，能否重构供应链资金流健康生态，成为车 企面临的一场生死考验。 与此同时，净化"内卷"环境，倒逼车企切换竞争策略——以此为始，中国汽车行业淘汰赛也从"低水平 消耗"走向"高水平洗牌"，进入"决赛冲刺"阶段。 长账期：供应商成"免费银行" 汽车供应商苦账期久矣。 据《财经》此前对国内上市车企的不完全统计，其账期均值超过170天，部分车企的账期甚至超过240 天。相比之下，欧美成熟汽车市场的账期普遍在70天内，最长不超过90天，德国车企账期更短，在40天 左右。 长账期背后，对应着大量应付票据及应付账款，即未支付的供应商款项。对于供应商来说，经常是"今 年干的活儿，明年才能见到钱"。账期，成为"年降"之外，压在供应商身上的另一座大山。 可能说"中国汽车供应链处于崩溃边缘"有些危言耸听，但监管下场，就是为了避免系统性风险的爆发， 也从一个侧面表明，汽车供应链上潜藏的危机，已经积累到了相当程度。 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ -广告- 本文来源：锂电派 据极片Lab爆料， 大众汽车新增程车的电池订单，已经交给了江苏正力新能电池技术股份有限公司 （简 称" 正力新能 "）。 正力新能成立于2019年，主营电动汽车动力电池及储能系统，涵盖电芯、模块、电池包等一体化解决方 案。公司掌舵人为曹芳，她不仅是正力新能的董事长，还是福耀玻璃创始人曹德旺的妹妹。 但都说"不要看一个人说了什么，要看一个人做了什么"。大众的布局比话语更加诚实。据悉，为了应对中 国传统品牌及新能源品牌的挑战，大众加速向新能源汽车转型，一方面投入数十亿推动CEA平台开发，另 一方面，又宣布在中国市场追加投资25亿欧元，拓展合肥的生产及创新中心。 当然，最重要的是，在未来几年，大众将专注于开发和推出新的本地车型。例如，在2025年，大众将推出 奥迪与上汽合作的首款车型audi E，以及基于PPE平台的第二款奥迪车型； 2026年，大众则将启动增程攻势。首款增程车型为今年4月在上海车展发布的首款全尺寸增程式SUV概念 车ID.ERA。 该车型基于大众全球开发标准打造，CLTC综合续航 ...

当资本市场还在为汽车股暴跌与比亚迪"以价换市"策略震荡时，中国新能源车市场的竞争暗战已进入深 水区。对此 高盛在接受第一财经采访时表示，"价格战远未终结"—— 产能扩张峰值已过、燃油车退潮 加速，但50余家车企混战的格局仍需"淘汰赛"淬炼 。 高盛中国汽车分析师 侯雪婷：现在还不到价格战结束和行业已经整合的时间点。首先比如 说，其实行业很多领先的车企他们自己的 判断是说，接下来可能至少还有两年的时间，还 是所谓的行业"淘汰赛"这样一个时间，如果从我们刚才讲到就整体行业的集中度、还有产能 利用率的话，虽然是在提升，但是可能离一个比较健康、或者是有可以盈利的水平还是有一 定的差距，所以说我们认为应该还是会继续持续一段时间。 第一财经：竞争激烈一直是前几年中国新能源车市场上面的一个关键词，那么您觉得从今年 开始这样的风险是不是已经开始降低了？ 高盛中国汽车分析师 侯雪婷：如果我们看整个所谓的价格竞争，大概是从2023年1月份开始 的，2023年全年的话，大致是整个行业有10%以上的降价，2024年同样也有10%以上的降 价，如果我们看今年2025年的前4-5个月的话，其实降价的幅度和数量跟去年的前四五个月 相比的话 ...

Core Viewpoint - Beijing Automotive Blue Valley is experiencing significant sales growth in its subsidiary, Beijing New Energy Automobile Co., Ltd., but is simultaneously facing severe financial losses and operational challenges [1][5]. Sales Performance - In April 2025, the sales volume reached 10,327 units, with a cumulative sales figure of 38,041 units for the first four months, reflecting a year-on-year increase of 192.53% [1][3]. - The production volume for April 2025 was 13,484 units, with a cumulative production of 40,830 units, marking a year-on-year increase of 484.71% [3]. Financial Performance - Since 2020, the company has accumulated losses exceeding 30 billion yuan, with a net loss of 1.358 billion yuan in the first quarter of 2025 and a parent net loss of 953 million yuan [4]. - The net cash flow from operating activities in 2024 was -1.572 billion yuan, a decrease of 238.05% year-on-year, indicating a tightening cash flow situation [4]. Cost Structure - High costs are a significant factor affecting profitability, with R&D expenses increasing by 48.50% to 1.760 billion yuan in 2024 and by 53.06% in the first quarter of 2025 [4]. - Management expenses rose by 6.86% to 1.352 billion yuan in 2024, with a 42.60% increase in the first quarter of 2025 [4]. Operational Challenges - The company's marketing effectiveness is subpar, with sales expenses reaching 1.821 billion yuan in 2024, but the impact of market promotion efforts has been disappointing [4]. - Frequent changes in senior management have contributed to a lack of consistency in brand strategy [4]. Industry Context - The company is navigating a critical phase in the electric vehicle industry, balancing sales growth against substantial losses, raising questions about its ability to achieve profitability in the future [5].

Core Viewpoint - Jiangsu HiPhi Automotive Co., Ltd. has been established, signaling a potential revival for the brand after previous operational challenges and financial difficulties [1][9]. Company Overview - Jiangsu HiPhi was founded with a registered capital of approximately $143 million, with EV Electra Ltd. holding a 69.8% stake and Huaren Yuntong (Jiangsu) Technology Co., Ltd. holding 30.2% [1][3]. - EV Electra Ltd., a startup founded in 2017, is based in Lebanon and has branches in Canada, Italy, Germany, and the Netherlands [3]. Recent Developments - The establishment of Jiangsu HiPhi is seen as a signal of a restart, with the company aiming to attract new investments and resources [3]. - HiPhi's models, including HiPhi X, HiPhi Z, and HiPhi Y, have been priced between 339,000 to 800,000 yuan, indicating a focus on the luxury electric vehicle market [9]. Financial and Operational Challenges - HiPhi faced significant operational challenges, including a halt in production and a restructuring process initiated in early 2022 due to financial pressures [9][10]. - The company has been actively seeking strategic partnerships and investments, with reports of potential collaborations with companies like iAuto, which plans to invest over $1 billion for restructuring [10][11]. Market Context - The automotive market in China is highly competitive, with many companies facing survival challenges as the industry undergoes significant changes [11]. - The establishment of Jiangsu HiPhi is viewed as a first step towards revitalizing the brand, but the company must still address market expansion and operational sustainability [11].

2 0 2 5年立春刚过，成都市民林女士在社交媒体发布的一条求助信息，意外揭开了民营口腔连 锁行业淘汰赛的冰山一角。 编 辑丨张伟贤 江佩佩 作 者丨唐唯珂 季媛媛 她发布的聊天记录显示， 自己在"欢悦口腔 " 接受的价值2 . 8万元正畸治疗仅完成疗程的三分 之 一 ， 如 今 门 店 招 牌 已 被 拆 除 ， 负 责 人 电 话 已 停 机 。 这 条 动 态 迅 速 在 网 络 上 引 发 了 广 泛 共 鸣，评论区里充满了诸如"我家孩子补牙费用还拖欠8 0 0 0元未解决"的焦急声音。 这场风暴的中心——成都欢悦口腔，作为西南地区曾经最大的民营口腔连锁品牌之一，见证 了中国口腔连锁行业的快速发展和市场的广阔前景。 工商登记资料显示，该机构成立于2 0 1 5 年，鼎盛时期在成渝两地拥有7家分院，然而在2 0 2 5年3月1 5日， 成都市武侯区卫健局张贴的 公告证实：因拖欠房租超3 0 0万元、供应商货款逾千万元，该院区已进入破产清算程序。 有消费者在社交媒体发帖称，成都大型民营口腔机构欢悦口腔跑路 社交媒体截图 据当地知情人士向2 1世纪经济报道记者透露，目前正由当地卫健委出面协调，寻找其他医疗 ...

Group 1 - The 2025 Shanghai International Automobile Industry Exhibition opened with nearly 1000 exhibitors from 26 countries, showcasing over 360,000 square meters of space and more than 100 new models [2] - Major automakers such as SAIC, Ford, Toyota, and NIO participated, while several brands, including Kia and Citroën, chose to absent themselves from the event [2][4] - The absence of Korean and French brands is attributed to their declining market presence and inability to adapt to the competitive landscape dominated by domestic brands [3][5] Group 2 - In Q1 2025, China's automotive production and sales reached 7.561 million and 7.47 million units, respectively, marking year-on-year increases of 14.5% and 11.2% [4] - New energy vehicles (NEVs) saw significant growth, with production and sales of 3.182 million and 3.075 million units, reflecting year-on-year growth of 50.4% and 47.1% [4] - The competitive landscape in the automotive market is intensifying, with a focus on technology, product differentiation, and market share [7][9] Group 3 - Analysts indicate that the absence of brands like Genesis and Kia at the Shanghai Auto Show reflects a strategic shift, as these companies reassess their investments in the Chinese market [4][5] - The French automotive brands, including Stellantis and Renault, are also struggling to regain market share and are focusing on partnerships with Chinese firms for electric vehicle development [6] - The automotive industry is entering a phase of elimination, where companies lacking brand recognition or sustainable profit models are at risk of being phased out [9]