[6.11 Lithium Battery News] BYD, XPeng, Geely, and other automakers have unified their supplier payment terms to within 60 days

[Geely Auto Group: Unifying Supplier Payment Terms to Within 60 Days]In response to the State Council's "Regulations on Ensuring Payments to Small and Medium-sized Enterprises" and the China Association of Automobile Manufacturers' (CAAM) "Initiative on Maintaining Fair Competition and Promoting Healthy Industry Development," Geely Auto Group announced that it will unify supplier payment terms to within 60 days. This move aims to accelerate the efficiency of capital turnover in the industry chain, ensure the stability of the industry chain and supply chain, fulfill the responsibilities of a leading enterprise, and promote the high-quality development of the automotive industry. (Cailian Press)

[Changan Automobile: Unifying Supplier Payment Terms to Within 60 Days]Changan Automobile, along with its subsidiaries Changan Aiteon, Changan Kaicheng, Deepal, and Avatr, announced to the industry that it will unify supplier payment terms to within 60 days. This practical action demonstrates the company's commitment to fulfilling the social responsibilities of a central state-owned enterprise, ensuring efficient capital flow for small and medium-sized enterprises, facilitating smooth coordination within the industry chain, and jointly promoting the high-quality development of the industry. (Cailian Press)

[BYD Auto: Unifying Supplier Payment Terms to Within 60 Days]According to BYD Auto's official WeChat account, in order to implement a series of deployment requirements from the state and relevant ministries on ensuring the stability of the industry chain and supply chain and promoting the high-quality development of the automotive industry, and to support the healthy development of small and medium-sized enterprises, BYD Auto announced that it will unify supplier payment terms to within 60 days. The company will take practical actions to drive the high-quality development of China's automotive industry. In the future, BYD Auto will continue to promote the steady and long-term development of China's automotive industry through technological innovation and management optimization, working hand in hand with upstream and downstream partners. (Cailian Press)

[Chery Group: Unifying Supplier Payment Terms to Within 60 Days]Chery Group stated in a document that, in response to a series of deployment requirements from national ministries and commissions, including the Ministry of Industry and Information Technology (MIIT) and the State-owned Assets Supervision and Administration Commission (SASAC), on ensuring the stability of the industry chain and supply chain and promoting the high-quality development of the automotive industry, Chery Group will resolutely implement these requirements. Starting from June 10th, the group will unify supplier payment terms to within 60 days to accelerate the efficiency of capital turnover in the industry chain and ensure the stability of the industry chain and supply chain. (Cailian Press)

[XPeng Motors: Unifying Payment Terms to Within 60 Days]XPeng Motors stated that in order to actively respond to and implement a series of deployment requirements from the state and relevant departments aimed at promoting the high-quality development of the automotive industry, ensuring the stability of the industry chain and supply chain, and supporting the healthy development of small and medium-sized enterprises, XPeng Motors announced that it will unify payment terms to within 60 days.

[Jinyinhe: Solid-State Battery Collaboration Project Will Have No Significant Impact on Short-Term Performance]Jinyinhe (300619. SZ) announced that the cumulative deviation in the closing prices of the company's stock trading over three consecutive trading days exceeded 30%, indicating abnormal fluctuations in stock trading. The strategic cooperation agreement recently signed between the company and its client aims to deepen collaboration in the field of solid-state batteries. Both parties will continue to build a globally competitive lithium battery production site in the future. This strategic cooperation strengthens the company's technological layout in the solid-state battery sector. The agreement signed by both parties is a long-term strategic cooperation agreement. As of now, both parties are advancing in an orderly manner according to the strategic plan, but there are still uncertainties regarding the transaction, which will have no significant impact on the company's performance in the short term.