Collective statements from BYD and other automakers regarding the "60-day payment period"!

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The "Code of Conduct for Payment to Vehicle Manufacturers' Suppliers" issued by the China Association of Automobile Manufacturers has triggered a collective response from the industry.

On September 15, more than a dozen mainstream car companies including SAIC Motor, BYD, Changan Automobile, Xiaomi Automobile, and Li Auto all expressed their positions, promising to strictly implement the principle of payment within 60 days and standardize the supplier payment settlement process.

A relevant official from the Ministry of Industry and Information Technology stated that the initiative clarifies requirements such as goods delivery and acceptance, the start of the billing period, reconciliation and settlement, and payment of funds, such as stipulating that delivery acceptance should in principle not exceed 3 working days. It advocates that both supply parties establish stable cooperative relationships, with the validity period of each contract being no less than one year.

This code of conduct focuses on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract term, setting detailed requirements for the procurement contract content between vehicle manufacturers and suppliers. The Ministry of Industry and Information Technology believes that these provisions are of great importance to the normative development of the automotive industry.

Automakers have actively voiced support for the initiative, promising to effectively safeguard supplier rights, stabilize supplier expectations, and strengthen industry chain resilience. Many companies emphasized that they will continue to uphold their commitment to payment within 60 days, and strictly implement timely acceptance of goods and reconciliation settlement standards.

Traditional automakers take the lead in making commitments, with established payment systems

SAIC Motor was the first to respond to the initiative, stating that as of June 2025 it had officially announced the unification of supplier payment periods to within 60 days, and would not use commercial acceptance bills or other settlement methods that increase suppliers' financial pressure. The company promises to continue actively implementing the requirements of the "Regulations on Ensuring Payments to Small and Medium Enterprises".

GAC Group has demonstrated a longer execution history. The company stated that it has adhered to the principle of "no more than 60 days supplier payment period" since its establishment in 1997, and has strictly enforced it for 28 years, fulfilling corporate responsibility and maintaining supply chain stability through concrete actions.

Changan Automobile, as a representative of central state-owned enterprises, emphasized fulfilling its role as a state-owned enterprise. The company has innovatively implemented the "payment calculated from delivery date + unified payment within ten days" plan, fully delivering on its 60-day payment period commitment, and has developed a standardized and efficient supplier payment process.

Dongfeng Motor promised to implement the requirements of the initiative in key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract term, to effectively protect supplier rights, stabilize supplier expectations, and strengthen the resilience of the industrial chain.

New energy vehicle companies actively follow, emphasizing industrial chain collaboration

New energy vehicle companies have also responded actively this time.

BYD stated it will focus on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract term, and will continuously build a collaborative and win-win development ecosystem with upstream and downstream partners through technological innovation and management optimization.

Xiaomi Automobile and Li Auto both stressed their full support for the association's initiative and a firm commitment to the guidance of the Ministry of Industry and Information Technology. Both companies promise to continue fulfilling the commitment of payment within 60 days, strictly implementing timely goods acceptance, reconciliation, and settlement standards, ensuring peace of mind for partners in their business operations.

NIO stated it will establish long-term and stable mutually beneficial relationships with partners, and is committed to building a "vehicle-parts" collaborative and win-win development ecosystem. Xpeng Motors promised to strictly implement timely goods acceptance, efficient reconciliation, and prompt settlement.

Seres Group emphasized in its statement that enterprises should strengthen self-discipline and jointly promote the high-quality development of the industry. The company stated that it is willing to work with industry peers to maintain a healthy and green development environment, committed to the symbiosis and win-win of the industrial ecosystem, and enhancing the competitiveness of the entire industry cluster.

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