The China Association of Automobile Manufacturers recently launched an initiative that has garnered positive responses from multiple automakers, who have pledged to standardize payment terms for supplier goods to within 60 days. This measure aims to alleviate financial strain on parts suppliers, uphold a level playing field, and foster the sustainable growth of the industry. Amidst the generally slim profit margins within the automotive sector, supply chain enterprises grapple with challenges including payment delays and cost compression. Industry experts posit that the phenomenon of 'involution' within the industry mirrors shifts in market demand and the cyclical evolution of the industry, emphasizing the need for collaboration between OEMs and parts enterprises to tackle the issue of overcapacity. It is anticipated that over the next 1-2 years, the industry will gradually revert to rational competition, necessitating supply chain enterprises to bolster their competitiveness through technological advancements and stringent cost management.