Automakers’ 60-Day Payment Commitment Unlocks New Opportunities Across the Supply Chain
Recently, 17 domestic automakers announced commitments to shorten supplier payment terms to within 60 days, with follow-up research and implementation efforts promoted by the Ministry of Industry and Information Technology (MIIT). The Deputy Secretary General of the China Association of Automobile Manufacturers highlighted the critical role of automotive parts suppliers in the industry ecosystem. On August 11, Wang Hongjie, Chairman…