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On September 15, BYD Auto declared its proactive stance in embracing the 'Initiative on Standardizing Supplier Account Payments,' alongside its steadfast dedication to fulfilling the mandates outlined in the 'Regulation on Ensuring Payments to Small and Medium-sized Enterprises.' The company zeroes in on pivotal areas including order verification, delivery and acceptance protocols, payment and settlement procedures, as well as contract stipulations. Leveraging technological advancements and management refinements, BYD Auto works hand-in-hand with its upstream and downstream collaborators to collectively forge a synergistic and mutually beneficial development ecosystem. This collaborative effort is geared towards propelling the high-quality progression of China's automotive industry.
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