Honor the 60-day payment terms commitment! Ideal Auto has completed the adjustment of payment terms for direct procurement suppliers.

Since the Ministry of Industry and Information Technology opened the "online feedback window for key car companies to fulfill their accounts payable commitments" on July 9th, there have been continuous adjustments to supplier payment terms by car companies. On July 23rd, it was learned from some suppliers that Ideal Auto had adjusted their payment terms to 60 days. In response to this, Ideal Auto stated that the company had completed the adjustment of payment terms for all direct procurement suppliers in mid-July, with a contract term of 60 days and bi-monthly payments. In terms of settlement, the vast majority are made by telegraphic transfer, with only a small amount using bank acceptance. Some suppliers have indicated:"Ideal Auto has changed their payment terms to 60 days, directly paying in cash, without acceptance."