On June 11, news emerged that several automakers have recently pledged to reduce their payment terms for suppliers to 60 days. This decision is in response to the directives from the government and relevant ministries, aimed at safeguarding the stability of the industrial and supply chains and fostering high-quality growth in the automotive sector. Zhang Hong, an expert panel member of the China Automobile Dealers Association, observed that historically, automotive supply chain enterprises have often contended with repayment cycles stretching up to 9 months or longer. This has led many small and medium-sized suppliers to grapple with capital constraints, forcing them to rely on discounting, short-term loans, and other means to sustain their operations. By shortening the payment terms, automakers aim to ease the financial burden on their suppliers, bolstering their operational resilience and fostering innovation. However, experts emphasize that merely relying on automakers' verbal commitment to a 60-day payment term is inadequate to guarantee timely repayment. It is equally crucial to standardize payment methods, including mandating cash payments and prohibiting the use of 6-month acceptance drafts, to effectively circumvent repayment delays.