Storyline: The China Association of Automobile Manufacturers (CAAM) issued on Monday a normative initiative on account payment in procurement contracts between complete vehicle manufacturers and supplier companies, aiming to promote the high-quality and regulatory development of the country's automotive sector. The overall principle of this initiative is to prevent large enterprises from using their dominant position to infringe on the interests of suppliers and jointly build a collaborative and win-win development ecosystem between complete vehicles and auto parts. During the order confirmation phase, the vehicle manufacturer and supplier should confirm the order date, part name and specifications, quantity, delivery cycle, and other relevant details through the purchase order. If an effective purchase order needs to be changed or canceled, it should be agreed upon by both parties through negotiation, according to the normative initiative. Regarding payment and settlement, the payment period for vehicle manufacturers is calculated from the date the supplier delivers the goods and passes the vehicle manufacturer's acceptance inspection, with a maximum period of no more than 60 calendar days. Regarding contract terms, the initiative encourages both parties to establish a long-term, stable cooperative relationship, with each contract valid for a minimum of one year. Shotlist: FILE: Chongqing Municipality, southwest China - July 2025: 1. Various of auto assembly line in operation, robotic arms in operation FILE: China - Exact Location and Date Unknown: 2. Various of production lines of new energy vehicles (NEVs), workers working 3. Various of auto assembly lines 4. Car rolling off assembly line Guangxi Zhuang Autonomous Region, south China - Recent: 5. Aerial shots of vehicles for sale 6. Various of consumers at auto stores, vehicles for sale FILE: Shanghai, China - May 2025: 7. Aerial shots of new cars, freight train at land port 8. Various of new cars boarding freight train 9. Aerial shot of new cars at port FILE: China - 2025: 10. Aerial shot of new cars at port 11. Port worker guiding cars to board cargo ship 12. Aerial shot of new cars, cargo ship at port FILE: Shanghai, China - Date Unknown: 13. Aerial shots of cityscape FILE: Tianjin Municipality, north China - Date Unknown: 14. Aerial shots of cityscape FILE: Guangzhou City, Guangdong Province, south China - Date Unknown: 15. Aerial shots of cityscape. [Restrictions : No access Chinese mainland]