Nio, Xpeng, and Li Auto have all made a commitment to prompt payment of supplier invoices, joining the ranks of major automakers in China. Nio specifically stated that they will continue to adhere to a payment term of 60 days or less, collaborating with partners to promote high-quality development in China’s automotive industry. This commitment is crucial for the healthy development of the supply chain system, which is the foundation for ensuring product quality and enhancing user experience.
Nio emphasized their goal of becoming a user-centric enterprise leading in technology and experience, existing solely for user satisfaction. This dedication to customer satisfaction is reflected in their commitment to prompt payment to suppliers, ensuring the smooth operation of the supply chain and ultimately benefiting the end-users.
Xpeng and Li Auto also announced similar commitments earlier, showing a unified effort among Chinese automakers to prioritize supplier relationships and streamline payment processes. This move comes amid concerns about supply chain security and stability, highlighting the importance of maintaining strong partnerships with suppliers.
The automotive industry in China is rapidly evolving, and these commitments from Nio, Xpeng, and Li Auto demonstrate their dedication to driving high-quality development and innovation within the sector. By prioritizing prompt payment to suppliers, these companies are setting a positive example for the industry as a whole.
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