BYD, FAW, GAC and other leading car companies: unify supplier payment terms to within 60 days

Late at night, in the quiet of the night, BYD officially announced good news, which is aimed at automotive parts supply chain enterprises and benefits automotive parts manufacturers.

BYD has announced that it will unify the payment terms for suppliers to within 60 days.

BYD also said that it's not me who wants to participate, I'm here to fulfill my social responsibility and promote high-quality development in the industry.

To implement a series of deployment requirements made by the state and relevant departments to ensure the stability of the industrial chain and supply chain, and promote the high-quality development of the automotive industry, in order to assist the healthy development of small and medium-sized enterprises. Ugly words are at the forefront, it's not that I want to get involved, it's not that I want to offend everyone, we have no choice. However, BYD was the first to attract everyone's attention, that's enough.

BYD official announcement: https://mp.weixin.qq.com/s/9QofLWjKA8nhl3eE-uxiKQ

Even earlier than BYD is Dongfeng Motor, which practices the unified payment period of central enterprises within 60 days!

Original announcement from Dongfeng Motor Corporation: https://mp.weixin.qq.com/s/aCmdMiEUGEVpHlWMqZroJA

Guangzhou Automobile Group also announced that it has always insisted on providing customers with high safety and high-quality products and services. The healthy development of the supply chain system is the foundation for ensuring high product safety and quality. To this end, GAC Group will continue to adhere to a supplier credit period of no more than 60 days, ensure efficient turnover of supply chain funds, and work together with upstream and downstream partners to promote high-quality development of the industry.

The official announcement of GAC Group reads: https://mp.weixin.qq.com/s/o6pzDtOXBOwM6gkmw5RrNA

China FAW also announced yesterday, with the original address: https://mp.weixin.qq.com/s/zOYcYu_rL7Glj1pz_e8F0A

Then came the Serys Group, which also announced: https://mp.weixin.qq.com/s/WfdvCOw87f5CSiCJLoSGbQ

It can be seen that many car companies are taking action, and there should be more companies joining this initiative in the future.

Reduce the accounts receivable of small and medium-sized enterprises and fulfill social responsibility.

This has a positive impact on numerous auto parts wholesale markets, auto parts enterprises, auto parts exports, etc. We look forward to everyone getting better management!