Starting from June 10, multiple auto companies announced that they would control supplier payment periods within 60 days in response to the
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Starting from June 10, multiple auto companies announced that they would control supplier payment periods within 60 days in response to the "Regulations on Ensuring Payment to Small and Medium Enterprises." On the 12th, relevant personnel from the Ministry of Industry and Information Technology expressed support for auto companies' "60-day payment commitment" to promote healthy development of the Industry. Additionally, some analyses suggest that this move is beneficial for improving the fund efficiency in the Autos Industry and systematically reducing the development risks in the Autos Industry. Previously, the China Association of Automobile Manufacturers stated that it would increase efforts to rectify the "involution" competition in the Autos Industry. Is the "60-day payment period" a Bullish or Bearish factor for auto companies? The "anti-involution" trend in the Autos Industry is accelerating; can auto companies successfully face the major financial challenges? Will upstream and downstream companies in the Autos supply chain seize the opportunities?