NIO, Great Wall, Xiaomi, Leapmotor, Xiaopeng, Geely, BAIC, Jiangling Motors, and FAW have stated that they will actively implement the prompt payment initiative, making a total of 17 auto companies that have made commitments to pay their bills on time.

On September 15th, Shanghai NIO Limited, Great Wall Motor Co., Ltd., Xiaomi Automobile Co., Ltd., Zhejiang Leap Motor Technology Co., Ltd., Guangdong Xpeng Motors Technology Group Co., Ltd., GEELY AUTO Group Co., Ltd., BAIC MOTOR Group Co., Ltd., Anhui Jianghuai Automobile Group Corp., Ltd., China First Automobile Group Co., Ltd. and other nine automobile manufacturers successively issued statements, expressing their active implementation of "Initiative to Standardize Payment of Accounts Payable by Automobile Manufacturers", building a collaborative and win-win development ecosystem between "vehicles and components", and jointly promoting high-quality development of the automobile industry. So far, all 17 car manufacturers who made payment term commitments have made their stance clear. The specific statements of the 9 companies in this announcement are as follows: NIO NIO actively responds to the "Initiative to Standardize Payment of Accounts Payable by Automakers" released by the China Association of Automobile Manufacturers. NIO is committed to becoming a user-focused company leading in technology and experience, existing to satisfy users, developing ultimate products through technological innovation, providing services that exceed expectations, and creating a community for mutual growth. The healthy development of the supply chain system is the foundation for ensuring product quality, enhancing user experience, and promoting high-quality development of the automotive industry. We will establish long-term stable mutually beneficial cooperation relationships with partners, actively implement supplier payment term commitments and the "Initiative to Standardize Payment of Accounts Payable by Automakers", and strive to build a collaborative and win-win development ecosystem between "vehicles and components", working together with partners to promote high-quality development of the automotive industry and create a sustainable and better future. Great Wall Great Wall Motor upholds a long-term perspective, always adhering to the philosophy of "true partners, cooperation and mutual benefit" in supplier cooperation, and abides by the principles of equality, fairness, integrity, strict adherence to contracts, and timely payment, continually maintaining and optimizing the cooperative environment with suppliers. Great Wall Motor fully implements the relevant requirements of the "Regulations on the Protection of Payment of Small and Medium-sized Enterprises" and actively responds to the "Initiative to Standardize Payment of Accounts Payable by Automakers" released by the China Association of Automobile Manufacturers. In terms of payment methods, we strictly use Telegraphic Transfer and Bank Acceptance Drafts, eliminating electronic voucher payments; building on the basis of shortening payment terms, further optimizing the payment process. Great Wall Motor is willing to work together with industry partners to build a cooperative and mutually beneficial ecosystem between "vehicles and components", striving to promote the high-quality development of the automotive industry. Xiaomi Xiaomi Automobile fully endorses the "Initiative to Standardize Payment of Accounts Payable by Automakers" issued by the association and is committed to implementing the guiding spirit of the Ministry of Industry and Information Technology. We have always believed that a healthy industry chain ecosystem is an important cornerstone for the high-quality development of the automotive industry, and timely and full payment of payment obligations is the most basic respect for partners and a key factor in ensuring the stable operation of the industry chain. The development of Xiaomi Automobile has benefited from the favorable national policy environment, a rich and stable industry chain, and the support and trust of our partners. We will continue to fulfill our commitment to payment terms within 60 days, focusing on key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract deadlines, further implementing the requirements of the initiative, and continue to protect the rights of suppliers effectively, enhancing the resilience of the industry chain. We look forward to working innovatively with industry partners to contribute to the high-quality development of the Chinese automotive industry. Leap Motor Recently, the China Association of Automobile Manufacturers issued the "Initiative to Standardize Payment of Accounts Payable by Automakers", which has received responses and support from national departments such as the Ministry of Industry and Information Technology. LEAPMOTOR will continue to implement the requirements of the "Regulations on the Protection of Payment to Small and Medium-sized Enterprises" and respond to the "Initiative to Standardize Payment of Accounts Payable by Automakers" with practical actions, continuously safeguarding the stability of the industry chain supply chain and striving to build a good supplier ecosystem. On June 11, 2025, LEAPMOTOR officially announced: adhering to the principle of "payment within 60 days", with zero arrears as the standard, streamlining approval processes, increasing department coordination to ensure efficient and smooth payment processes. With the support of national policies and the collective attention of the industry, Leap Motor is willing to work with industry colleagues to jointly promote the high-quality development of the automotive industry. Xpeng Xpeng Motors actively responds to industry association initiatives and the call of the Ministry of Industry and Information Technology, fully implements the guiding spirit of the Ministry of Industry and Information Technology. We will continue to fulfill our commitment to payment terms within 60 days, strictly enforce timely acceptance of goods, efficient reconciliation and timely settlement, and fully guarantee the secure operation and steady development of our partners. We are fully aware that the trust and support of our partners are important drivers for Xpeng Motors to "steady progress". In the future, we will continue to work hand in hand with upstream and downstream companies in the industry chain to construct more stable and mutually beneficial cooperative relationships, continuing to promote the healthy, sustainable, and high-quality development of the automotive industry ecosystem, sharing the fruits of development with our partners. GEELY Today, the China Association of Automobile Manufacturers issued the "Initiative to Standardize Payment of Accounts Payable by Automakers". GEELY AUTO Group actively responds to this initiative, and will implement it in key aspects such as order confirmation, delivery and acceptance, payment and settlement, and contract deadlines with practical actions, avoiding unreasonable settlement methods that increase suppliers' financial pressure, and high-quality fulfillment of supplier payment term commitments. As early as June 10th of this year, GEELY AUTO Group took the lead in responding to the implementation of the State Council's "Regulations on the Protection of Payment to Small and Medium-sized Enterprises" and the China Association of Automobile Manufacturers' "Initiative to Maintain Fair Competition Order and Promote Healthy Industry Development", announcing the unification of supplier payment terms to within 60 days, to accelerate the efficiency of capital turnover in the industry chain, safeguard the stability of the industry chain supply chain, and play a leading role in promoting the high-quality development of the automotive industry. GEELY AUTO Group is committed to building a healthy development ecosystem of mutual benefit and cooperation with partners upstream and downstream, actively fulfilling the social responsibility and duties of leading enterprises, continuously promoting the high-quality development of the automotive industry with the goal of "endurance, stability, and long-term growth". BAIC In order to deeply implement the "Regulations on the Protection of Payment to Small and Medium-sized Enterprises", actively respond to the "Initiative to Standardize Payment of Accounts Payable by Automakers" issued by the China Association of Automobile Manufacturers (hereinafter referred to as the "Initiative"), further demonstrate the responsibility and commitment of state-owned enterprises, and jointly build a collaborative and win-win development ecosystem between "vehicles and components" with industry partners in the industry chain, BAIC Group stated: We highly agree with and will resolutely implement the requirements of the "Initiative", adhere to the principles of equality, voluntariness, fairness, and integrity, actively play the role of the "long chain" in the automotive industry chain, always regard supply chain cooperation as the cornerstone of healthy industry development, continuously optimize mechanisms such as order confirmation, delivery acceptance, payment settlement, firmly oppose any irrational payment behavior and vicious competition, effectively protect the legitimate rights and interests of supplier partners, and advance together with supplier partners, focus on breakthroughs in core technologies and enhancements in product quality, build a healthy, stable, and win-win automotive industry ecosystem, strengthen the resilience and security level of the industry chain, and inject sustained power into the high-quality development of the Chinese automotive industry. JAC JAC Group has always deeply implemented the deployment requirements of the Ministry of Industry and Information Technology, actively responded to the initiatives of industry associations, and has fully promoted the commitment to a 60-day payment term. To further improve payment efficiency and transparency, JAC Group will continue to optimize payment processes, accelerate the construction of an information system for supply chain payment, comprehensively ensure that all suppliers, including small and medium-sized enterprises, receive efficient and fair payment experiences, and alleviate the financial stress on the supply chain. We firmly believe that long-term, stable, and trusting cooperative relationships are the foundation for promoting the high-quality development of the automotive industry. JAC Group will continue to deepen its commitment to supplier payment commitments with practical actions, empower management upgrades with technology, and work hand in hand with supply chain partners to jointly promote sustainable, high-quality development of the automotive industry. FAW Recently, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, and other national ministries have made a series of deployments and requirements around ensuring the stability of the industrial chain supply chain and promoting the high-quality development of the automotive industry. On September 15, 2025, the China Association of Automobile Manufacturers issued the "Initiative to Standardize Payment of Accounts Payable by Automakers", proposing standardized initiatives for payment-related content in procurement contracts between automakers and supply chain companies. As a state-owned super-large automotive enterprise group, FAW Group has always attached great importance to the coordinated development of the industrial chain, insisting on a shared and win-win relationship with supplier partners. In June 2025, FAW announced the unification of supplier payment terms within 60 days, while optimizing internal procurement and financial settlement processes to maintain the healthy and stable development of market economic order with practical actions. In the future, FAW will continue to thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, fulfill the mission and responsibilities of central enterprises with a high sense of responsibility, continue to firmly implement the requirements of the "Regulations on the Protection of Payment to Small and Medium-sized Enterprises", respond to the "Initiative to Standardize Payment of Accounts Payable by Automakers", strictly fulfill the commitment to "payment within 60 days", work with upstream and downstream companies in the supply chain to build a healthier, more sustainable automotive industry development ecosystem, and jointly write a new chapter of high-quality development for the Chinese automotive industry. Earlier, eight automobile manufacturers including Dongfeng Motor Corporation, Shanghai Automotive Industry Corporation, Chery Automobile Co., Ltd., Chongqing Sokon Industry Group Co., Ltd., Ideal Automotive Co., Ltd., Chongqing Changan Automobile Co., Ltd., Guangzhou Automotive Group Co., Ltd., and BYD Company Limited had successively issued statements, expressing their active implementation of the "Initiative to Standardize Payment of Accounts Payable by Automakers". This article is reprinted from the Ministry of Industry and Information Technology Micro Report, GMTEight Editor: Chen Wenfang.