Today, the China Association of Automobile Manufacturers (CAAM) released the "Initiative on Standardized Payments for Suppliers of Complete Vehicle Enterprises." On the same day, 17 key complete vehicle manufacturers (OEMs), including FAW, Dongfeng, Changan, SAIC, BAIC, GAC, JAC, SERES, Chery, Geely, Great Wall, BYD, Li Auto, NIO, Leapmotor, Xpeng, and Xiaomi, pledged their commitment to actively implementing the "Initiative on Standardized Payments for Suppliers of Complete Vehicle Enterprises," building a collaborative and mutually beneficial development ecosystem for "complete vehicles and parts," and jointly promoting high-quality development of the automotive industry.