From the night of June 10 to the morning of June 11, four automobile manufacturers, including Geely Automobile Group Co., Ltd., Chongqing Changan Automobile Co., Ltd., BYD Auto Industry Co., Ltd., and Chery Automobile Co., Ltd., successively issued statements promising that "the payment period will not exceed 60 days." So far, eight automobile manufacturers have made this commitment. The specific contents of the four companies' statements are as follows:
Geely Automobile
In order to actively respond to and implement the State Council's "Regulations on Safeguarding the Payment of Funds to Small and Medium-sized Enterprises" and the China Association of Automobile Manufacturers' "Initiative on Maintaining Fair Competition Order and Promoting the Healthy Development of the Industry", Geely Auto Group announced that it will unify the payment terms for suppliers to within 60 days to accelerate the capital turnover efficiency of the industrial chain, ensure the stability of the industrial chain supply chain, play the role of a leading enterprise, and promote the high-quality development of the automobile industry.
Geely Auto Group has always been actively practicing corporate social responsibility and commitment, and has thoroughly implemented national policy arrangements. It is willing to work hand in hand with industry peers to build a community of shared future for the automotive value chain, create a more fair, orderly and healthy market environment, achieve mutual benefit and win-win results, and promote high-quality and sustainable development of China's automotive industry.
Changan Automobile
Recently, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission and other national ministries and commissions have made a series of deployment requirements to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automobile industry. In order to thoroughly implement the spirit of the central government and ministries and commissions, Changan Automobile, together with its subsidiaries Changan Qiyuan, Changan Kaicheng, Deep Blue Automobile and Avita, announced to the industry that it will unify the payment terms for suppliers to within 60 days, to fulfill the social responsibilities of central enterprises with practical actions, to ensure the efficient circulation of funds for small and medium-sized enterprises, to help the industrial chain to operate well in coordination, and to work together to promote the high-quality development of the industry.
BYD
In order to implement a series of deployment requirements made by the state and relevant ministries and commissions to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automobile industry, and to assist the healthy development of small and medium-sized enterprises, BYD Auto announced that it will unify the payment period for suppliers to within 60 days.
We will take concrete actions to promote the high-quality development of China's automobile industry. In the future, BYD Auto will continue to promote the steady and long-term development of China's automobile industry through technological innovation and management optimization, and work with upstream and downstream partners.
Chery Automobile
Recently, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission and other national ministries and commissions have made a series of deployment requirements to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automobile industry. Chery Group has resolutely implemented them and decided to unify the payment period for suppliers to within 60 days from June 10, so as to accelerate the capital turnover efficiency of the industrial chain, ensure the stability of the industrial chain and supply chain, and create a more fair, orderly and healthy market environment.
Chery Group will practice corporate social responsibility, work hand in hand with upstream and downstream companies in the industrial chain, build a community of shared future for the automotive value chain, maintain fair competition order in the industry, and jointly promote the high-quality development of China's automotive industry.