Evaluation And Selection Of Financing Mode Or New Energy Vehicle Manufacturers

China's auto industry is under the multiple pressures from the environmental changes,energy problems,as well as the transformation and upgrading of the traditional automotive industry.However,the new energy vehicle manufacturing industry is in the start-up period.Because of its long industrial chain,high technology research requirements and slow supporting facilities,the development of new energy vehicle manufacturing industry highly depends on funds.In this period,it is a vital question to solve and explore how to complete efficient financing in order to realize its rapid and healthy development.This paper focuses on the financing of new energy vehicle manufacturers in China.Fisrtly,based on combing the relevant literatures at home and abroad,the paper discusses the four aspects of demand,which is industrial life cycle,financing cost,financing efficiency and financing risk.Secondly,quantify the needs of the evaluation indicators.For the difficult part of the quantification,point out the directions.Thirdly,take BD Co.,Ltd.as an example.The analytic hierarchy process and assignment method is used to compare the main financing methods of the four dimensions and the analysis direction.Finally,the conclusion is given for the current situation of BD financing.Research suggests that the new energy automotive industry is in the demonstration stage.Companies need to raise large-scale and reimbursement of a longer way of financing.BD is biased towards debt financing,especially for short-term borrowing.Equity financing is more efficient but costly,with loss of control risk.In the end,the paper recommend a combination of multiple financing instruments,efficient use of endogenous financing and appropriate debt financing.