On June 11, more and more automobile companies actively implemented the country's decision-making and deployment to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automobile industry, and made a commitment that "payment period shall not exceed 60 days."
As of now, 17 key automobile manufacturers have made commitments in this regard, namely: FAW Group Corporation, Dongfeng Motor Corporation, GAC Group, SERES Group, Geely Auto Group, Changan Automobile, BYD, Chery, Great Wall Motor, BAIC Motors, Xpeng, Xiaomi, Leapmotor, Ideal, SAIC, NIO and JAC.
While car companies have made promises, industry insiders believe that there are still some key operational details waiting to be confirmed: for example, does the 60-day payment period start from the date of shipment or the date of invoicing? Will the payment method be cash or will commercial acceptance bills continue to be used?
In this regard, two automakers have made clear commitments not to use commercial acceptance bills. SAIC Motor said it would not use commercial acceptance bills and other settlement methods that may increase the financial pressure on suppliers; BAIC Motor also emphasized that it would completely cancel unreasonable settlement methods such as commercial acceptance bills that increase the financial pressure on suppliers, alleviate the cash flow pressure on small and medium-sized suppliers, consolidate the foundation of mutual trust in the industrial chain and supply chain, and maintain a healthy industrial ecology.
It is reported that the newly revised "Regulations on Guaranteeing the Payment of Funds to Small and Medium-sized Enterprises" will be officially implemented on June 1, 2025, focusing on the pain points of small and medium-sized enterprises such as the difficulty and long cycle of account recovery, safeguarding the legitimate rights and interests of small and medium-sized enterprises, and optimizing the business environment.
