Automakers Commit to Shortening Payment Terms to Support SMEs

Published: Jun 11, 2025 13:39

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[SMM News]: It is reported that on the evening of June 10, automakers including FAW Group, Dongfeng Motor, GAC Group, Seres Group, Changan Automobile, and Geely successively announced that they would strictly comply with the requirements of the revised "Regulations on Ensuring Payments to Small and Medium-sized Enterprises" by the State Council. Starting from that day, they would uniformly shorten the payment period for suppliers to within 60 days, promoting efficient capital flow in the industry chain and supporting the development of small and medium-sized enterprises with practical actions.

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