On June 12, seventeen prominent automobile manufacturers, including FAW, Dongfeng, GAC, and Thalys, collectively issued a statement pledging to adhere to a payment term of no more than 60 days. In response, the Ministry of Industry and Information Technology (MIIT) issued a statement on the same day, emphasizing the significance of these companies' commitments in fostering the healthy and sustainable development of the automotive industry. The official noted that this initiative by the auto companies to shorten payment terms not only echoes the national call but also exemplifies their dedication to social responsibility and corporate duty. This move is poised to foster a mutually beneficial 'vehicle-parts' collaboration ecosystem. MIIT pledged its continued support to automobile manufacturers in honoring their commitments, facilitating the establishment of long-term and stable partnerships with supply chain enterprises, encouraging collaborative innovation and shared growth among businesses of all sizes, cultivating a mutually advantageous environment, enhancing the resilience and security of industrial and supply chains, and ultimately contributing to the global automotive industry's advancement.