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Academic Journal of Business & Management, 2024, 6(10); doi: 10.25236/AJBM.2024.061004.

Analysis of Financing Issues and Strategies for BYD New Energy Vehicle Company

Author(s)

Huimin Wang, Haodong He, Nana Yang

Corresponding Author:
Haodong He
Affiliation(s)

Guangzhou College of Commerce, Guangzhou, China

Abstract

In recent years, as energy shortages have intensified and environmental awareness has increased, the automotive industry has shifted towards reducing energy use and pursuing green, low-carbon transformation. With the support of various government subsidy and tax reduction policies, the new energy vehicle industry in China has developed rapidly. However, after 2020, as China's new energy vehicle industry transitioned into the "post-subsidy era", subsidies have gradually decreased, and issues such as financing difficulties, intense market competition, and declining sales have become urgent problems to be addressed in the industry. BYD New Energy Vehicle Company, a leading enterprise in the field, is facing financing challenges on different levels. This paper focuses on BYD Company to analyze its financing needs, financing channels, and financing costs, and proposes strategies to optimize its financing structure, reduce financing costs, and diversify financing channels. These measures are intended to help BYD overcome its current financing difficulties, and also provide references for the development of other new energy enterprises.

Keywords

BYD Company; New energy; Financing

Cite This Paper

Huimin Wang, Haodong He, Nana Yang. Analysis of Financing Issues and Strategies for BYD New Energy Vehicle Company. Academic Journal of Business & Management (2024) Vol. 6, Issue 10: 19-24. https://doi.org/10.25236/AJBM.2024.061004.

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