On September 15th, nine automakers, including Shanghai NIO, Great Wall Motor, Xiaomi, Leapmotor, Xpeng Motors, Geely Auto, BAIC, JAC Motors, and FAW, issued statements pledging to actively implement the "Initiative on Standardized Payment of Supplier Receipts for Automotive OEMs," foster a collaborative and mutually beneficial development ecosystem for the "complete vehicle and parts" sector, and jointly promote high-quality development of the auto industry. This brings the total number of automakers that have made payment commitments to a clear position.
The specific statements of the nine companies are as follows:
NIO
NIO actively responds to the "Initiative on Standardizing Payment of Accounts to Suppliers of Automobile Complete Vehicle Enterprises" issued by the China Association of Automobile Manufacturers.
NIO is committed to becoming a user-oriented enterprise with leading technology and experience. We exist to satisfy our users. Through technological innovation, we develop ultimate products, provide services that exceed expectations, and build a community for common growth.
The healthy development of the supply chain system is fundamental to ensuring product quality, enhancing user experience, and promoting high-quality development in the automotive industry. We will establish long-term, stable, mutually beneficial partnerships with our partners, upholding our commitments to supplier credit terms and the "Automotive OEM Supplier Payment Standardization Initiative" with high quality. We are committed to building a collaborative and mutually beneficial development ecosystem for the "complete vehicle and parts" sector, working with our partners to promote high-quality development in the automotive industry and create a sustainable and better future.
Great Wall
Great Wall Motors adheres to long-termism and always follows the supplier cooperation concept of "sincere partnership and win-win cooperation", abides by equality, fairness and integrity, strictly abides by contracts, pays on time, and continuously maintains and optimizes the cooperation environment with suppliers.
Great Wall Motors fully implements the relevant requirements of the "Regulations on Guaranteeing Payments to Small and Medium-sized Enterprises" and actively responds to the China Association of Automobile Manufacturers' "Proposal on Standardizing Payments for Suppliers of Automotive OEMs." Regarding payment methods, the company exclusively uses wire transfers and bank acceptances, eliminating electronic voucher payments. Furthermore, the company is further optimizing the payment process, building on the existing efforts to shorten payment terms.
Great Wall Motors is willing to work together with industry partners to build a "complete vehicle and parts" industrial ecosystem of coordinated development, mutual benefit and win-win, and work together to promote high-quality development of the automotive industry.
Millet
Xiaomi Auto fully endorses the Association's "Initiative on Standardized Payment of Supplier Accounts to Automotive OEMs" and firmly implements the guidance from the Ministry of Industry and Information Technology. We believe that a healthy supply chain ecosystem is a cornerstone for the high-quality development of the automotive industry. Paying goods on time and in full is the most fundamental respect for our partners and is crucial to ensuring the stable operation of the supply chain.
Xiaomi Auto's development has benefited from a favorable national policy environment, a rich and stable industrial chain, and the support and trust of our partners. We will continue to honor our commitment to payment within 60 days, focusing on key steps such as order confirmation, delivery and acceptance, payment and settlement, and contract terms. We will further implement the initiative's requirements, continue to effectively protect the rights and interests of suppliers, and enhance the resilience of the industrial chain. We look forward to working with industry partners to continuously innovate and contribute to the high-quality development of China's automotive industry.
Leapmotor
The China Association of Automobile Manufacturers recently issued the "Initiative on Standardized Payments for Suppliers of Complete Vehicle Enterprises," which has received support and response from relevant national departments, including the Ministry of Industry and Information Technology. Leapmotor will continue to implement the requirements of the "Regulations on Securing Payments for Small and Medium-sized Enterprises" and take concrete actions in response to the "Initiative on Standardized Payments for Suppliers of Complete Vehicle Enterprises," continuously ensuring the stability of the industrial chain and supply chain and committed to building a positive supplier ecosystem.
On June 11, 2025, Leapmotor officially announced its commitment to upholding the "60-day payment" principle, ensuring zero arrears, streamlining approval processes, and continuously strengthening inter-departmental collaboration to ensure an efficient and smooth payment process. With the support of national policies and the industry's collective attention, Leapmotor is committed to working with industry colleagues to promote the high-quality development of China's new energy vehicles.
Xiaopeng
Xpeng Motors actively responds to the industry association's initiative and the Ministry of Industry and Information Technology's call, fully implementing the ministry's guidance. We will continue to honor our commitment to payment terms within 60 days, strictly implementing timely goods acceptance, efficient reconciliation, and on-time settlement, to ensure our partners' peace of mind and stable development.
We are fully aware that the trust and support of our partners is a crucial driver of Xpeng Motors' steady progress. Going forward, we will continue to work with upstream and downstream companies in the industry chain to build more stable, mutually beneficial, and win-win partnerships, continuously promoting the development of a healthy, sustainable, and high-quality automotive industry ecosystem, and sharing the fruits of development with our partners.
auspicious
Today, the China Association of Automobile Manufacturers (CAAM) released the "Proposal on Standardized Payments for Suppliers of Complete Vehicle Enterprises." Geely Auto Group actively responds to this initiative and will implement it through concrete actions in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract terms. Geely will refrain from using unreasonable settlement methods such as commercial acceptance bills that increase suppliers' financial pressures, and will ensure that its commitments to supplier payments are met with high quality.
As early as June 10 this year, Geely Auto Group took the lead in responding to and implementing the State Council's "Regulations on Guaranteeing 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", announcing that it would unify the payment period 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 committed to working with upstream and downstream partners to build a mutually beneficial and win-win healthy development ecosystem. It will actively practice the social responsibility and commitment of a leading enterprise, and continue to promote the high-quality development of the automobile industry with "resilience, stability and long-term development".
BAIC
To thoroughly implement the "Regulations on Guaranteeing Payment of Small and Medium-sized Enterprises," actively respond to the "Initiative on Standardizing Payments for Suppliers of Complete Vehicle Enterprises" (hereinafter referred to as the "Initiative") issued by the China Association of Automobile Manufacturers, further demonstrate the responsibility of state-owned enterprises, and work with industry chain partners to jointly build a "complete vehicle-parts" collaborative and win-win development ecosystem, BAIC Group hereby declares:
We highly agree with and will resolutely implement the requirements of the Initiative, adhere to the principles of equality, voluntariness, fairness and integrity, actively play the role of "chain leader" of the automotive industry chain, always regard supply chain cooperation as the cornerstone of the healthy development of the industrial ecosystem, and continuously optimize order confirmation, delivery acceptance, payment settlement and other mechanisms. We firmly oppose any form of unreasonable payment behavior and vicious competition, effectively safeguard the legitimate rights and interests of supplier partners, insist on working hand in hand with supplier partners, focus on core technology breakthroughs and product quality improvement, build a healthy, stable and win-win automotive industry ecosystem, enhance the resilience and safety level of the industrial chain, and inject continuous impetus into the high-quality development of China's automotive industry.
JAC
JAC Group has consistently implemented the Ministry of Industry and Information Technology's (MIIT) requirements and actively responded to industry association initiatives, fully implementing its 60-day payment period commitment. To further enhance payment efficiency and transparency, JAC Group will continue to optimize payment processes and accelerate the development of its supply chain payment information system. This will ensure an efficient and fair payment experience for all suppliers, including small and medium-sized enterprises, and alleviate supply chain funding pressures.
We firmly believe that long-term, stable, and trusting partnerships are the foundation for high-quality development in the automotive industry. JAC Group will continue to deepen its supplier payment commitments through concrete actions, empower management upgrades with technology, and work hand in hand with supply chain partners to jointly promote sustainable and high-quality development in the automotive industry.
FAW
Recently, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, and other national ministries and commissions have issued a series of deployment requirements to ensure the stability of the industrial chain and supply chain and promote the high-quality development of the automotive industry. On September 15, 2025, the China Association of Automobile Manufacturers issued the "Proposal on Standardizing Account Payments for Suppliers of Complete Vehicle Enterprises," proposing standardized content related to account payments in procurement contracts between complete vehicle enterprises and supply chain companies.
As a state-owned, large-scale automobile conglomerate, FAW Group Corporation (FAW) has always prioritized the coordinated development of the industry chain, adhering to a shared future and mutually beneficial partnership with its suppliers and partners. In June 2025, FAW Group officially announced it would standardize supplier payment deadlines to within 60 days and simultaneously optimize internal procurement and financial settlement processes, taking concrete actions to maintain a healthy and stable market economic order.
In the future, FAW Group will unswervingly and thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, fulfill the mission of state-owned enterprises with a high sense of responsibility, continue to resolutely implement the requirements of the "Regulations on Guaranteeing the Payment of Funds to Small and Medium-sized Enterprises", respond to the "Automotive Complete Vehicle Enterprise Supplier Account Payment Standardization Initiative", strictly fulfill the "60-day payment" commitment, and work together with upstream and downstream companies in the industrial chain to build a healthier and more sustainable automotive industry development ecosystem, and jointly write a new chapter in the high-quality development of China's automotive industry.
Previously, eight automobile manufacturers including Dongfeng Motor Group Co., Ltd., Shanghai Automotive Industry Corporation Limited, Chery Automobile Co., Ltd., Seres Group Co., Ltd., Li Auto Co., Ltd., Chongqing Changan Automobile Co., Ltd., Guangzhou Automobile Group Co., Ltd., and BYD Auto Industry Co., Ltd. issued statements in succession, stating that they would actively implement the "Initiative on Standardized Payment of Accounts by Suppliers of Automobile Complete Vehicle Enterprises."
