On September 15th, Changan Automobile reported that the China Association of Automobile Manufacturers had issued the "Initiative on Standardizing Payment Practices for Suppliers in the Complete Vehicle Manufacturing Sector." This initiative received endorsement from the Ministry of Industry and Information Technology, particularly for its stipulations regarding the delivery and acceptance of goods, the initiation of payment terms, the processes of reconciliation and settlement, as well as payment execution. Changan Automobile has promptly embraced and implemented these recommendations, aiming to foster high-quality growth within the automotive industry. Presently, the company has fully honored its commitment to a 60-day payment term by adopting an innovative method: "counting from the delivery date + consolidated payment within ten days." This approach has enabled Changan Automobile to establish a standardized, efficient payment system for handling supplier invoices.