BAIC and SAIC Initiate Supply Chain Reforms to Combat Cut-throat Competition

Published: Jun 11, 2025 15:12

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[SMM News]: It is reported that on June 11, Beijing Automotive Group Co., Ltd. officially issued the "Statement on Responding to the Automotive Industry's Call to 'Combat Cut-throat Competition' and Optimize Supply Chain Cooperation," introducing three groundbreaking supply chain management measures. This makes it the first automaker in China to explicitly prohibit the use of commercial acceptance bills and open itself up to public supervision. Meanwhile, SAIC also announced that, in order to actively implement the national policy decisions aimed at ensuring the stability of the industry chain and supply chain and promoting the high-quality development of the automotive industry, it would unify the payment terms for suppliers to within 60 days and refrain from using settlement methods such as commercial acceptance bills that increase the financial pressure on suppliers.

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