MIIT Opens Window for Automakers to Reflect on Payment Term Commitments

Published: Jul 10, 2025 09:21

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MIIT: Opens a Window for Reporting Automakers' Compliance with Payment Term Commitments
The Ministry of Industry and Information Technology (MIIT) opened today (the 9th) an "online window for reporting issues related to key automakers' compliance with payment term commitments." The window primarily addresses four types of issues: first, key automakers failing to comply with the 60-day payment term commitment, with payment terms stipulated in procurement contracts exceeding 60 days; second, key automakers setting unreasonable start times for payment terms, delaying the issuance of inspection or acceptance certificates without valid reasons, thereby extending payment terms in disguise, as well as making payments conditional on receiving payments from third parties or paying in proportion to payments received from third parties.

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