National People's Congress representative and Chairman of Camel Group, Liu Changlai: Accounts receivable management in the automotive industry needs to transition from "demonstration by key enterprises" to "institutionalized constraints for the entire industry"

As the leader of the domestic automotive low-voltage battery industry, the chairman of Camel Group and National People's Congress representative, Liu Changlai has a keen sense of the changes in the automotive industry chain. During this year's two sessions, Liu Changlai brought two suggestions, one directly addressing the chronic problems of the automotive and parts industry "anti-insourcing," and the other focusing on how to help manufacturing companies "go global" at a higher level. "The deepening of account period governance needs to move from 'key enterprise demonstration' to 'industry-wide institutionalized constraints.'" Recently, Liu Changlai told Securities Times reporters that the profitability level of the automotive and parts industry has been continuously declining, with the industry still facing pressure from receivables, mandatory low-price requirements for enterprises, price reductions, and malicious claims, among other issues. On the other hand, although overseas expansion is growing rapidly, the risk of "insourcing externalization" is eroding the overall competitiveness of Chinese companies.