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China Iron and Steel Association Advocates 'No Payment, No Delivery' Policy; 15 Automakers Follow by Cutting Payment Terms to 60 Days
2025-06-11 /
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Author：小编
Between the evening of June 10 and June 11, 15 leading automakers, including GAC, FAW, Dongfeng, Thalys, Geely, Changan, AVATR, BYD, Chery, XPeng, Great Wall, Xiaomi, Leapmotor, BAIC, and Li Auto, announced in succession that they would reduce the payment terms for their suppliers to a maximum of 60 days. This initiative is in response to national directives aimed at ensuring the stability of the industrial and supply chains, fostering high-quality development within the automotive sector, supporting the growth of small and medium-sized enterprises, and driving the overall advancement of China's automotive industry.
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