Chinese automakers vow to pay suppliers within 60 days
2025-06-11 15:37:33 [Print]
From June 10th to 11th, major Chinese automakers including FAW, Dongfeng, GAC, Seres, Geely, Changan, BYD, and Chery issued statements pledging to limit payment terms to no more than 60 days. The move aims to improve cash flow in the supply chain and support healthy development of the automobile industry.
The pledges follow recent policy measures by national authorities to strengthen supply chain stability and promote high-quality growth in the auto sector. A newly revised regulation, which took effect on June 1, requires large companies to settle payments with small and medium-sized suppliers within 60 days of delivery.
The pledges follow recent policy measures by national authorities to strengthen supply chain stability and promote high-quality growth in the auto sector. A newly revised regulation, which took effect on June 1, requires large companies to settle payments with small and medium-sized suppliers within 60 days of delivery.
Aluminum Alloy A356.2 Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
Unit: %
