Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

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Study of Xpeng Automotive’s Development Under China’s Carbon Neutrality Policy

Authors
Enming Liang1, *
1The University of Illinois at Urbana-Champaign, Champaign, IL, USA
*Corresponding author. Email: enmingl2@illinois.edu
Corresponding Author
Enming Liang
Available Online 29 March 2023.
DOI
10.2991/978-94-6463-124-1_41How to use a DOI?
Keywords
Electric Vehicle; Carbon Neutrality; Global Warming; Debt-to-Equity Ratio
Abstract

Nearly all nations have faced environmental degradation, global warming, and carbon emissions. On December 2015, 171 nations committed to limiting the increase in average global temperature to no more than 2 ℃ above pre-industrial levels, aiming for a limit of 1.5 ℃, and achieving a global “carbon-neutral” target between the year of 2050 and 2100. Under this scenario, the Chinese government has paid attention to environmentally-friendly industries such as photovoltaic, wind power, biomass, and electric vehicles (EV). This study analyzes Chinese leading EV company, Xpeng Auto Group, and its financial reports and market performance over the past few years. The research on the annual and quarter financial reports shows that Xpeng performs well in terms of financial structure but was poor in profit-generating ability. Regarding the market environment, Xpeng benefits from China’s carbon neutrality and other environmental policy, and rising oil prices will encourage more customers to purchase electric cars. In addition, Xpeng faces technical bottlenecks in intelligent assisted driving systems and foreign competitors. Through financial analysis and SWOT analysis, this paper provides a reference for Xpeng and other electric vehicle companies to develop strategies when facing upcoming challenges.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 March 2023
ISBN
10.2991/978-94-6463-124-1_41
ISSN
2352-5428
DOI
10.2991/978-94-6463-124-1_41How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Enming Liang
PY  - 2023
DA  - 2023/03/29
TI  - Study of Xpeng Automotive’s Development Under China’s Carbon Neutrality Policy
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 340
EP  - 352
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_41
DO  - 10.2991/978-94-6463-124-1_41
ID  - Liang2023
ER  -