Suppliers
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XPeng He Honors 60-Day Payment Pledge: “A Small Step Toward Healthier Industry Dynamics in Tough Times” （方案修订说明：1. 采用”Honors…Pledge”突出承诺落地的主动性 2. “60-Day Payment”精准对应账期概念 3. 引语体点明个人立场 4. “Healthier Industry Dynamics”替代”良性发展”符合商业语境 5. “Tough Times”自然传达行业困境 6. 整体符合彭博社/FT等媒体标题结构）
XPeng Motors has standardized a 60-day payment cycle for suppliers to enhance supply chain resilience, as confirmed by Chairman He Xiaopeng. He stated the change follows extensive internal deliberation and requires operational discipline, positioning it as a sustainable industry improvement. The policy aligns with commitments from 17 major automakers who recently pledged 60-day supplier payment windows, underscoring growing industry recognition of vendor liquidity’s importance.
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Ahead of the Curve Again: Xiaomi’s 60-Day Payment Terms Highlighted, as Lei Jun Prioritizes Supplier Relations
Chinese EV makers are aggressively shortening supplier payment cycles, with a 60-day target becoming the new standard. Companies including Geely, Changan, and major state-owned enterprises are implementing this, intensifying competition. Xiaomi, showing forward-thinking supply chain management, has already adopted a 60-day model, offering faster payments than industry norms, thereby fostering supplier loyalty and innovation. Their flexible approach includes immediate payments for some orders and supply chain financing, though the latter raises some concerns. This shift allows suppliers to focus on R&D and quality.
