Research On The Impact Of Government Subsidies On BYD's R&D And Innovation

The booming development of China's economy drives the higher demand of ordinary consumers for the quality of life.The oil crisis and environmental pollution problems have further accelerated the development of new energy vehicles,the industry has unlimited prospects.As an emerging industry,the new energy automobile industry,research and development innovation is its core competitiveness to occupy the market.The purpose of r & d innovation is to make full use of internal resources and national policy support to develop new products with market competitiveness under the overall macroeconomic background.Long-term r & d innovation can make the enterprise in the brutal market choice in an invincible position.The new energy automobile industry has unlimited potential.Byd has grasped the pulse of development and continuously carried out intensive research and development to ensure the upgrading of its products.In terms of business,byd actively adjusts the general direction of strategic development and makes every effort to lay out the new energy automobile industry.National vigorously support the development of new energy automotive industry,byd new energy automotive industry leading enterprises in China is very research significance,as the head company byd get subsidies is far higher than the industry average,its patent applications to keep for a long time in a certain level,under the influence of various factors to make it in the field of new energy vehicles have a long-term development.On the premise of describing the significance and background of the research,this paper makes a targeted summary of the literature related to the research background,so as to lay a theoretical foundation for the case study.First start from government subsidies and defines the concept of innovation,system evolution and status quo of government subsidies for simple instructions,then again through business introduction,type and development of government subsidy for byd are summarized,and then to the government subsidies to the direct effect and indirect effect of corporate r&d innovation and effectiveness evaluation of three aspects to analyze the company,mainly includes the company's future development strategy,research and development input and output as well as the company's financial situation of the case company's government subsidies and innovation are analyzed.Finally draw a conclusion and put forward relevant Suggestions.To catch up with the developed countries in the field of new energy vehicles in China,due to the innovation of negative externalities,must by the state subsidies to improve the competition ability of enterprise,but the government subsidies to the enterprise development is showing some problems,both the enterprise and the game to seek benefit maximization,the government needs to timely adjust the policy according to the market development,enterprises need to comply with the policy efforts to promote the competitiveness of the enterprise.Through the case study,the author draws the following conclusions :(1)government subsidies can promote byd's investment in r&d and innovation to a certain extent,mainly reflected in the continuous increase of highly educated technical personnel and r&d funds,and effectively guide its own technology development.(2)government r&d subsidies do not promote the output of new energy vehicle innovation patents,but rather lag behind for a period of time,which needs to be cultivated after a period of time.(3)the innovation environment in the field of new energy vehicles has been improved.To some extent,government r&d subsidies can promote the patent output of new energy vehicles and stimulate the investment willingness of the capital market.(4)byd's earnings are dependent on government subsidies to a certain extent.After deducting government subsidies,the short-term debt paying ability of the enterprise is reduced.The delay in the payment of applied subsidies leads to the annual decline of the receivables turnover rate,which seriously affects byd's operating ability.Some Suggestions are put forward :(1)enterprises should make good use of national policies and research and development resources,andstrengthen school-enterprise cooperation and international exchanges.(2)optimize the industrial structure of the enterprise,and finally achieve the purpose of effectively improving the r&d output.(3)the state shall speed up the system construction and enhance the supervision to create a favorable development environment for the new energy automobile industry.(4)it is necessary to increase the talent reserve,improve the core technology and accelerate the construction of supporting facilities such as charging piles to finally guide the transformation of social vehicles into electric vehicles and make great progress in the field of new energy vehicles.