Financial Risk Comparison Between New Energy Vehicle Enterprises

Taking BYD and Tesla (China) as Examples

Authors

  • Xuan Lin

DOI:

https://doi.org/10.62051/ijgem.v5n2.33

Keywords:

New energy vehicle industry, BYD, Tesla (China), Financial strategies, Risks

Abstract

This article provides an in-depth analysis of the development of the new energy vehicle industry, particularly the competitive position of BYD and Tesla (China) in the global new energy vehicle market. The article begins by introducing the rapid development of the new energy vehicle industry, followed by an examination of the financial performance and risk management strategies of BYD and Tesla, as well as their strategies and recommendations for addressing industry challenges. Through comparative analysis, the article aims to reveal the trends in the new energy vehicle industry and the financial strategies that companies should adopt to achieve long-term stable growth.

Downloads

Download data is not yet available.

References

[1] IEA (2023), Global EV Outlook 2023, IEA, Paris https://www.iea.org/reports/global-ev-outlook-2023, Licence: CC BY 4.0

[2] “Big Milestone: Nev Sales Lead All Segments.” Chinadaily, global.chinadaily.com.cn/a/202408/17/WS66bfe81ba31060630b923897.html. Accessed 1 Oct. 2024.

[3] Chen Z. et al., (2021). "Influence Factors and Risk Analysis of New Energy Vehicles from the Perspective of System." Environ Sci Pollut Res 28, 62891–62906 (2021). https://doi.org/10.1007/s11356-021-15232-3

[4] Ma, T. (2024). "Analyzing the Reasons of BYD's Low-Profit Margin Through Financial Data." In Proceedings of the 7th International Conference on Economic Management and Green Development. SpringerLink.

[5] Patchell, J., et al. (2024). "Competition and Coordination: Regional Dynamics in the Rise of China’s New Energy Vehicle Industry." Sustainability, 16(5), 1907. https://doi.org/10.3390/su16051907

[6] Qian B.H. (2023). "Financial Subsidies, Tax Incentives, and New Energy Vehicle Enterprises’ Innovation Efficiency: Evidence from Chinese Listed Enterprises." PLOS ONE. https://doi.org/10.1371/journal.pone.0293117

[7] BYD Company Limited. (2021). Annual Report 2021. BYD Co., Ltd.

BYD Company Limited. (2022). Annual Report 2022. BYD Co., Ltd.

BYD Company Limited. (2023). Annual Report 2023. BYD Co., Ltd.

[8] Tesla, Inc. (2021). Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2021. Tesla, Inc.

Tesla, Inc. (2022). Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2022. Tesla, Inc.

Tesla, Inc. (2023). Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2023. Tesla, Inc.

Downloads

Published

05-12-2024

Issue

Section

Arcicles

How to Cite

Lin, X. (2024). Financial Risk Comparison Between New Energy Vehicle Enterprises: Taking BYD and Tesla (China) as Examples. International Journal of Global Economics and Management, 5(2), 312-322. https://doi.org/10.62051/ijgem.v5n2.33