AsianFin -- At least eight Chinese automakers — including industry heavyweights BYD, Chery, and Geely — have issued statements since late Wednesday committing to pay their suppliers within 60 days.

The move comes as a new regulation, effective June 1, mandates that large companies must settle payments within 60 days of receiving goods, services, or engineering work. The public pledges signal the auto sector’s effort to align with the tightened rules and improve cash flow certainty across the supply chain.