Will Chinese New Energy Vehicle Manufacturers Survive Without Government Subsidies?

DOI

10.2991/aebmr.k.220307.342How to use a DOI?

Keywords

New energy vehicles; BYD; government subsidy; the blade battery

Abstract

New energy vehicles are now the preferred means of transportation for energy saving and emission reduction, but their prices are also higher than traditional oil vehicles. To encourage consumers to accept new energy vehicles, governments have introduced many preferential subsidies. As a result, the current market pricing of new energy vehicles is lower than their actual value. In recent years, government subsidies have been on the decline, which seems to be a negative situation for most new energy vehicle companies. Opportunities and challenges coexist. This paper will study the impact of government subsidies on BYD’s profitability capacity, operational capacity, and growth capacity. In addition, this paper also compares BYD with several other well-known new energy vehicle manufacturers, thus further elaborating on BYD’s technological advantages. At the same time, it is expected that other new energy vehicle companies will reflect on how to survive under the trend of government subsidy withdrawal to provide a reference.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Hong Pan
PY  - 2022
DA  - 2022/03/26
TI  - Will Chinese New Energy Vehicle Manufacturers Survive Without Government Subsidies?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2085
EP  - 2094
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.342
DO  - 10.2991/aebmr.k.220307.342
ID  - Pan2022
ER  -