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BYD COMPANY, XIAOMI-W, LI AUTO-W, LEAPMOTOR Express Commitment to Fulfill Payment Terms
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The China Association of Automobile Manufacturers' (CAAM) issuance of the Guidelines for Payment to Suppliers by Automobile Manufacturers has received responses and support from the Ministry of Industry and Information Technology (MIIT) and other national departments. BYD COMPANY (01211.HK) (002594.SZ), LI AUTO-W (02015.HK) (LI.US), GWMOTOR (02333.HK) (601633.SH), Xiaomi Auto under XIAOMI-W (01810.HK), LEAPMOTOR (09863.HK), GAC GROUP (02238.HK) (601238.SH), DONGFENG GROUP (00489.HK), and SAIC MOTOR (600104.SH) have each issued statements in response to the CAAM's initiative and the MIIT's call. In their statements, the car makers pledged to continue fulfilling the promise of payment terms within 60 days and implementing standards for timely acceptance of goods, reconciliation, and settlement. They will also continue to protect supplier rights and enhance the resilience of the supply chain, ensuring that their partners can operate and develop steadily. AAStocks Financial News |
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