On September 15th, nine automotive manufacturing companies including NIO Inc., Great Wall Motor Company Limited, Xiaomi Automobile Co., Ltd., Zhejiang Leapmotor Technology Co., Ltd., Guangdong XPeng Motors Technology Group Co., Ltd., Geely Automobile Group Co., Ltd., Beijing Automotive Group Co., Ltd., Anhui Jianghuai Automobile Group Corp., Ltd., and China FAW Group Co., Ltd. successively issued statements expressing their commitment to actively implement the "Automotive OEM Supplier Payment Standards Initiative," aiming to build a collaborative and mutually beneficial development ecosystem between vehicle manufacturers and parts suppliers, and jointly promote high-quality development of the automotive industry. With this, all 17 companies that made payment period commitments have now clearly stated their positions. The specific statements from these nine companies are as follows:
**NIO Inc.**
NIO actively responds to the "Automotive OEM Supplier Payment Standards Initiative" issued by the China Association of Automobile Manufacturers.
NIO is committed to becoming a leading technology and experience user enterprise, existing for user satisfaction, developing ultimate products through technological innovation, providing services that exceed expectations, and creating a community of shared growth.
The healthy development of the supply chain system is fundamental to ensuring product quality, enhancing user experience, and promoting high-quality development of the automotive industry. We will establish long-term stable mutually beneficial cooperative relationships with partners, implement supplier payment period commitments and the "Automotive OEM Supplier Payment Standards Initiative" with high quality, committed to building a collaborative and mutually beneficial development ecosystem between vehicle manufacturers and parts suppliers, working together with partners to promote high-quality development of the automotive industry and create a sustainable and better future.
**Great Wall Motor**
Great Wall Motor adheres to long-termism and consistently follows the supplier cooperation philosophy of "sincere partners, win-win cooperation," upholding equality, fairness, and integrity, strictly honoring contracts and making timely payments, continuously maintaining and optimizing the cooperative environment with suppliers.
Great Wall Motor fully implements the relevant requirements of the "Regulations on Guaranteeing Payment to Small and Medium Enterprises" and actively responds to the China Association of Automobile Manufacturers' "Automotive OEM Supplier Payment Standards Initiative." In terms of payment methods, we exclusively use wire transfers and bank acceptance drafts, eliminating electronic voucher payments; based on the shortened payment periods already implemented, we further optimize payment processes.
Great Wall Motor is willing to work together with industry partners to build a collaborative development, mutually beneficial "vehicle-parts" industry ecosystem, and jointly promote high-quality development of the automotive industry.
**Xiaomi Automobile**
Xiaomi Automobile fully agrees with the "Automotive OEM Supplier Payment Standards Initiative" issued by the association and firmly implements the series of guidance from the Ministry of Industry and Information Technology. We have always believed that a healthy industrial chain ecosystem is an important cornerstone for high-quality development of the automotive industry, and timely, full payment of goods is the most basic respect for partners and key to ensuring stable operation of the industrial chain.
Xiaomi Automobile's development benefits from the country's favorable policy environment, rich and stable industrial chain, and the support and trust of numerous partners. We will continue to fulfill our commitment to payment periods within 60 days, focusing on key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract terms, further implementing initiative requirements, continuing to effectively protect supplier rights, and enhancing industrial chain resilience. We look forward to working with industry partners to continuously innovate and jointly contribute to the high-quality development of China's automotive industry.
**Leapmotor**
Recently, the China Association of Automobile Manufacturers issued the "Automotive OEM Supplier Payment Standards Initiative," which received responses and support from the Ministry of Industry and Information Technology and other relevant national departments. Leapmotor will continue to implement the requirements of the "Regulations on Guaranteeing Payment to Small and Medium Enterprises" and respond to the "Automotive OEM Supplier Payment Standards Initiative" with concrete actions, continuously ensuring stable industrial and supply chains, and committing to building a good supplier ecosystem.
On June 11, 2025, Leapmotor officially announced: adhering to the "60-day payment" principle, with zero arrears as the standard, streamlining approval processes, continuously strengthening departmental coordination, and ensuring efficient and smooth payment processes. With national policy support and industry-wide attention, Leapmotor is willing to work with industry colleagues to jointly promote high-quality development of China's new energy vehicle industry.
**XPeng Inc.**
XPeng Motors actively responds to industry association initiatives and Ministry of Industry and Information Technology calls, fully implementing the guidance from the Ministry of Industry and Information Technology. We will continue to fulfill our commitment to payment periods within 60 days, strictly implementing timely goods acceptance, efficient reconciliation, and punctual settlement, fully ensuring partners can operate with peace of mind and develop steadily.
We deeply understand that the trust and support of partners is an important driving force for XPeng Motors to "move steadily and go far." In the future, we will continue to work with upstream and downstream enterprises in the industrial chain to jointly build more stable, mutually beneficial cooperative relationships, continuously promoting the construction of a healthy, sustainable, high-quality automotive industry ecosystem, and sharing development results with partners.
**Geely**
Today, the China Association of Automobile Manufacturers issued the "Automotive OEM Supplier Payment Standards Initiative." Geely Automobile Group actively responds to this initiative and will implement it through concrete actions in key areas such as order confirmation, delivery and acceptance, payment and settlement, and contract terms, not using unreasonable settlement methods such as commercial acceptance drafts that increase supplier financial pressure, and implementing supplier payment period commitments with high quality.
As early as June 10 this year, Geely Automobile Group was among the first to respond to and implement the State Council's "Regulations on Guaranteeing Payment to Small and Medium Enterprises" and the China Association of Automobile Manufacturers' "Initiative on Maintaining Fair Competition Order and Promoting Healthy Industry Development," announcing the unification of supplier payment periods to within 60 days to accelerate industrial chain capital turnover efficiency, ensure stable industrial and supply chains, demonstrate leading enterprise responsibility, and promote high-quality development of the automotive industry.
Geely Automobile Group has always been committed to working with upstream and downstream partners to build a mutually beneficial and healthy development ecosystem, will actively practice the social responsibility and commitment of leading enterprises, and continuously promote the automotive industry to achieve "resilient and stable" high-quality development.
**BAIC**
To thoroughly implement the "Regulations on Guaranteeing Payment to Small and Medium Enterprises," actively respond to the "Automotive OEM Supplier Payment Standards Initiative" issued by the China Association of Automobile Manufacturers, further demonstrate the responsibility of state-owned enterprises, and work with industrial chain partners to build a collaborative and mutually beneficial development ecosystem between vehicle manufacturers and parts suppliers, BAIC Group declares:
We highly recognize and will resolutely practice the requirements of the Initiative, adhering to principles of equality, voluntariness, fairness, and integrity, actively playing the role of automotive industrial chain "leader," always viewing supply chain cooperation as the cornerstone of healthy industrial ecosystem development, continuously optimizing mechanisms for order confirmation, delivery acceptance, and payment settlement, resolutely opposing any form of unreasonable payment behavior and vicious competition, effectively protecting the legitimate rights and interests of supplier partners, persisting in moving forward together with supplier partners, focusing on core technology breakthroughs and product quality improvement, building a healthy, stable, and mutually beneficial automotive industry ecosystem, enhancing industrial chain resilience and security levels, and injecting continuous momentum for high-quality development of China's automotive industry.
**JAC**
JAC Group has always thoroughly implemented the deployment requirements of the Ministry of Industry and Information Technology, actively responded to industry association initiatives, and has comprehensively promoted the 60-day payment period commitment. To further improve payment efficiency and transparency, JAC Group will continuously optimize payment processes, accelerate the construction of supply chain payment information systems, and comprehensively ensure that all suppliers, including small and medium enterprises, receive efficient and fair payment experiences, reducing supply chain financial pressure.
We firmly believe that long-term, stable, and trustworthy cooperative relationships are the foundation for promoting high-quality development of the automotive industry. JAC Group will continue to deepen supplier payment commitments through concrete actions, upgrade management through technological empowerment, work together with supply chain partners, and jointly promote sustainable, high-quality development of the automotive industry.
**FAW**
Recently, the Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, and other national ministries have made a series of deployment requirements regarding ensuring stable industrial and supply chains and promoting high-quality development of the automotive industry. On September 15, 2025, the China Association of Automobile Manufacturers issued the "Automotive OEM Supplier Payment Standards Initiative," proposing standardized initiatives for payment-related content in procurement contracts between vehicle manufacturers and supply chain enterprises.
As a state-owned mega automotive enterprise group, China FAW has always highly valued industrial chain collaborative development and adhered to sharing destiny and mutual benefit with supplier partners. In June 2025, China FAW officially announced the unification of supplier payment periods to within 60 days, while simultaneously optimizing internal procurement and financial settlement processes, taking practical actions to maintain healthy and stable market economic order.
Subsequently, China FAW will unwaveringly implement the decisions and deployments of the Party Central Committee and State Council, practice central enterprise mission and responsibility with a high sense of responsibility, continue to resolutely implement the requirements of the "Regulations on Guaranteeing Payment to Small and Medium Enterprises," respond to the "Automotive OEM Supplier Payment Standards Initiative," strictly fulfill the "60-day payment" commitment, work together with upstream and downstream enterprises in the industrial chain, focus on building a healthier and more sustainable automotive industry development ecosystem, and jointly write a new chapter in the high-quality development of China's automotive industry.
Previously, eight automotive manufacturing companies including Dongfeng Motor Group Co., Ltd., SAIC Motor Corporation Limited, Chery Automobile Co., Ltd., Seres Group Co., Ltd., Li Auto Inc., Chongqing Changan Automobile Company Limited, GAC Group, and BYD Auto Industry Company Limited had successively issued statements expressing their commitment to actively implement the "Automotive OEM Supplier Payment Standards Initiative."