On September 15th, the China Association of Automobile Manufacturers (referred to as "CAAM") released the "Initiative for Standardized Payment of Supplier Accounts for Automotive Vehicle Enterprises", advocating that all vehicle enterprises use cash or bank acceptance bills to pay small and medium-sized suppliers. On the same day, several car companies, including SAIC Group, BYD, Xiaopeng Motors and other listed companies, issued active responses and proposed to build a healthy and transparent industrial chain financial order. Industry experts analyzed Shanghai Securities News reporters that on the one hand, it is quite difficult to solve the actual operation of overdue payments from automotive suppliers, and industry associations need to participate; On the other hand, the China Association of Automobile Manufacturers (CAAM) has taken a solid step forward in solving this long-standing problem by coordinating all parties to establish industry standards for account payment. As long as all parties take it seriously, the problem of overdue payments from suppliers can still be effectively resolved. On September 15th, central and local state-owned enterprises actively responded to the call for initiative. Dongfeng Motor Group Co., Ltd. (referred to as "Dongfeng Motor") stated that Dongfeng Motor will actively respond to the call for initiative and implement the requirements of the initiative in key links such as order confirmation, delivery and acceptance, payment and settlement, contract period, etc., effectively protect the rights and interests of suppliers, stabilize supplier expectations, and enhance the resilience of the industrial chain. SAIC Group announced on the same day that in June 2025, it had officially announced the unification of payment terms for suppliers to within 60 days, and would not use settlement methods such as commercial acceptance bills to increase supplier financial pressure. The group will continue to actively implement the requirements of the "Regulations on Ensuring Payment for Small and Medium sized Enterprises" and respond to the "Initiative for Standardization of Payment for Automotive Vehicle Suppliers" with practical actions. It will focus on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract terms, promote high-quality and efficient flow of funds between upstream and downstream enterprises, and lay a solid foundation for the coordinated development of the supply chain. It will work together with its ecosystem partners to promote the high-quality and sustainable development of China's automotive industry. Guangzhou Automobile Group also stated that a healthy and transparent industrial chain financial order is an important cornerstone for ensuring high safety, high quality, and user value of automotive products. Since its establishment in 1997, Guangzhou Automobile Group has always adhered to the payment principle of "no more than 60 days supplier credit period", and has strictly implemented it for 28 years, practicing corporate responsibility with practical actions and maintaining supply chain stability. Chery Group issued a statement stating that the company will implement national deployment and industry initiatives through practical actions. Starting from June 2025, the company will use four "combination punches": standardized payment terms, full chain execution, digital approval, and advance payment mechanism to shorten the average payment terms for suppliers, and empower small and medium-sized enterprises through innovative measures to alleviate their financial pressure. In the future, Chery will continue to fulfill its commitment to efficient payments and promote high-quality development of the automotive industry. Private car companies state: Strictly implement. On September 15th, Xiaopeng Motors issued a statement stating that the company actively responds to industry association initiatives and the requirements of the Ministry of Industry and Information Technology, and fully implements the relevant guidance spirit. Xiaopeng Motors will continue to fulfill its commitment to payment terms within 60 days, strictly implement timely inspection, efficient reconciliation, and timely settlement of goods, and fully guarantee the safe operation and stable development of its partners. Ideal Automobile also issued a statement on the same day, stating that the company actively responds to the association's initiative and the requirements of the Ministry of Industry and Information Technology, and resolutely implements the relevant guidance spirit. Ideal Automobile stated, "In the future, we will work together with upstream and downstream enterprises to establish more stable and mutually beneficial cooperative relationships, jointly build a healthy, sustainable, and high-quality development of the automotive industry chain ecology, and share the dividends of industrial development." As the top seller of new energy vehicles in China, BYD also issued a statement on September 15th, stating that the company actively responds to the supplier's payment standard initiative, implements the requirements of the "Regulations on Ensuring Payment for Small and Medium sized Enterprises", focuses on key links such as order confirmation, delivery and acceptance, payment and settlement, contract period, etc., continues to work with upstream and downstream partners through technological innovation and management optimization, jointly builds a BYD automobile cooperation and win-win development ecology, and promotes the high-quality development of China's automotive industry. (New Society)