Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Analysis of Influencing Factors in The New Energy Automobile Industry Based on Linear Regression Models

Authors
Peiyao Tong1, *
1Electrical Engineering and its Automation, North china electric power university, Beijing, 102206, China
*Corresponding author. Email: 1831036522@qq.com
Corresponding Author
Peiyao Tong
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_82How to use a DOI?
Keywords
Linear regression models; New energy vehicles; Influencing factors; CPI; Exchange rate
Abstract

In today's world, environmental protection is being valued by more and more people. Under this circumstance, the new energy vehicle market is booming. This passage examines the impact of three influencing factors on the share prices of NIO and Tesla, two new energy vehicle companies from China and the United States, from September 2020 to April 2022. The three influencing factors are China's domestic CPI, the exchange rate of the renminbi against the US dollar and the price of Brent crude oil futures and drew the conclusion that CPI and the brent oil price both have negative impact on the stock price of NIO company. the CPI and the exchange rate between Chinese Yuan and US dollar both have negative impact on the stock price of Tesla, however, the brent oil price has positive impact on that of Tesla.

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 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_82
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_82How 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  - Peiyao Tong
PY  - 2022
DA  - 2022/12/27
TI  - Analysis of Influencing Factors in The New Energy Automobile Industry Based on Linear Regression Models
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 720
EP  - 730
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_82
DO  - 10.2991/978-94-6463-098-5_82
ID  - Tong2022
ER  -