17 Key Automakers Fulfill Commitment to 60-Day Payment Terms

[Supply Chain] The 17 key automakers have largely honored their commitment that supplier payment terms will not exceed 60 days.

Key Metrics: Average Payment Cycle Reduced to 54 Days, with Significant Increase in Cash Payments

The average payment cycle among these 17 key automakers is now approximately 54 days, 10 days shorter than last year. Among them, 4 companies have an average payment cycle of less than 50 days. 15 companies use only cash or bank-accepted bills, 5 have a cash payment ratio exceeding 50%, and 2 exceed 70%.

Strategic Foundation: Institutional Safeguards to Ensure Timely Payments to SMEs

All companies have established dedicated mechanisms and completed adjustments to payment terms in existing contracts. 14 companies offer additional benefits to small and medium-sized enterprises (SMEs), 2 achieve 100% cash payments, and 5 support early payment requests, ensuring the entire process—from acceptance to payment—is strictly completed within 60 days.