Research On The Impact Of Government Subsidies On Innovation Performance Of New Energy Vehicle Manufacturers In China

In recent years,the residents of our country have higher and higher requirements on the environment,and energy conservation and environmental protection have become the consensus of the people of our country.However,the exhaust emissions from traditional cars cause more and more pollution to the environment.The country strongly advocates the residents to buy new energy vehicles.Due to the problems of high price and imperfect technology in the early stage of development of new energy vehicles,the new energy vehicle industry has a huge economy and society It will benefit,and the profits won will not be much and it will be difficult for enterprises to maintain.If the time of technological innovation is too long,the company will not be able to support,and so on,these problems can change or end the development of enterprises.The government plays an important role in the development of the new energy enterprise industry.The central government grants a lot of subsidies to the new energy automobile industry according to the documents every year,and also gives various adjustment measures to the enterprise structure deployment,which plays a significant role and achieves remarkable results.The R & D of new energy vehicle industry in China is not mature,the innovation performance is low,the relevant industry chain is not perfect,the technology of new energy vehicle is not fully accepted by consumers,and the scale effect has not been fully formed.To achieve the breakthrough in quality and quantity development of new energy vehicle in China,enterprises need to continue to improve the innovation performance,accelerate the accumulation of technological innovation results,and realize At present,this process needs a solid foundation of funds.It can promote the development of new energy automobile industry,improve the innovation performance of enterprises,and play the role of government macro-control,which are all the preconditions for the development of industry.In response to the subsidy funds and relevant government subsidy policies,the government will further enhance the innovation performance of the new energy vehicle industry and promote the further development of China's new energy vehicle industry.This paper takes 54 New Energy listed automobile enterprises as research samples,selects data from 2013 to 2018,studies the impact of financial investment on the performance of innovation of new energy production enterprises,and divides 54 listed new energy enterprises into upstream industry chain,midstream industry chain and downstream industry chain according to different niche,using static panel model and GMM model to carry out corresponding research The case study shows that the government subsidies have a significantimpact on the innovation performance of new energy enterprises,and there is incentive effect.In the empirical study of grouping,it is concluded that the effect of government subsidies on the enterprises in the upstream industry chain is stronger than that in the other two industry chains.At the end of the paper,according to the research results,we sort out the characteristics of the new energy vehicle industry technology innovation in China,and give relevant policy suggestions after analysis,which provides a better development reference scheme for the future new energy vehicle industry technology innovation.