In June 2025, 17 key automobile companies publicly promised a “payment period of no more than 60 days” to reflect their responsibilities and responsibilities through practical actions. The China Association of Automobile Manufacturers issued the “Auto OEM Supplier Account Payment Standard Initiative” to actively promote the implementation of commitments. Zhang Xiang, a researcher at the Automobile Industry Innovation Research Center at North China University of Technology, said that in the past year, thanks to the joint efforts of industry companies, the average account period for key automobile companies has been effectively shortened, the proportion of cash exchange usage has increased dramatically, and the overall account period situation has improved markedly. However, due to the large number of steps involved in account payments, and large differences in the situation of automobile companies' subsidiaries and branches at various levels, there are still quite a few problems in the process of optimizing account periods. Zhang Xiang, researcher at the Automobile Industry Innovation Research Center at North China University of Technology: Including the starting time, there are different standards such as delivery and acceptance, centralized reconciliation, invoice receipt, and loading verification, resulting in differences in actual billing periods; enterprise acceptance conditions are unclear and time is long, and there are cases where the account period is extended in disguise. Compared with mature multinational automobile companies, there is still room for improvement in the accounting periods of key automobile companies in China.

In June 2025, 17 key automobile companies publicly promised a “payment period of no more than 60 days” to reflect their responsibilities and responsibilities through practical actions. The China Association of Automobile Manufacturers issued the “Auto OEM Supplier Account Payment Standard Initiative” to actively promote the implementation of commitments. Zhang Xiang, a researcher at the Automobile Industry Innovation Research Center at North China University of Technology, said that in the past year, thanks to the joint efforts of industry companies, the average account period for key automobile companies has been effectively shortened, the proportion of cash exchange usage has increased dramatically, and the overall account period situation has improved markedly. However, due to the large number of steps involved in account payments, and large differences in the situation of automobile companies' subsidiaries and branches at various levels, there are still quite a few problems in the process of optimizing account periods. Zhang Xiang, researcher at the Automobile Industry Innovation Research Center at North China University of Technology: Including the starting time, there are different standards such as delivery and acceptance, centralized reconciliation, invoice receipt, and loading verification, resulting in differences in actual billing periods; enterprise acceptance conditions are unclear and time is long, and there are cases where the account period is extended in disguise. Compared with mature multinational automobile companies, there is still room for improvement in the accounting periods of key automobile companies in China.