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On September 15, the China Association of Automobile Manufacturers (CAAM) unveiled its "Initiative for Standardizing Automobile Manufacturers' Accounts Payable to Suppliers." Through its official WeChat account, Geely Auto Group announced its proactive commitment to this initiative. The company will diligently implement the pertinent requirements in critical domains, including order confirmation, delivery and acceptance procedures, payment and settlement processes, and contract terms. Geely Auto Group explicitly pledged to avoid employing unreasonable settlement approaches, such as commercial acceptance bills, which could impose undue financial strain on suppliers. Furthermore, the company reaffirmed its steadfast dedication to maintaining high-quality standards concerning supplier payment terms.
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