In a recent research report by Huatai Securities, notable auto manufacturers including BYD, Geely, SAIC, and Great Wall have committed to reducing their payment terms for suppliers to a maximum of 60 days. This strategic shift aims to alleviate market apprehensions regarding the financial solvency of automotive companies and foster a healthier environment for the automotive industry. The adjustment in payment terms is anticipated to redirect approximately 42.4 billion yuan from original equipment manufacturers (OEMs) to upstream industries. While this measure may temporarily impose cash flow pressures, its impact is deemed manageable. Parts manufacturers are poised to reap the benefits of this shift, with dealerships maintaining a stable stance. Overall, the research report expresses a positive outlook for domestic auto companies and leading parts enterprises that exhibit strong global competitiveness.