Financial Risk Control Of The New Energy Vehicle Companies

In current years,Chinese automobile manufacturing industry began to face a bottleneck on the way of growth,and the traditional automobile manufacturing industry began to transform to new energy vehicle enterprises.However,due to the disadvantage of power technology and dependence on government policy,more and more financial pressure was pressed on NEV enterprises.Therefore,it is meaningful to research on the financial risks of NEV enterprises.In this context,this paper aims to find out the problems of new energy automobile enterprises in terms of financial risks through theoretical research,make contributions to improve the financial management theory of enterprises,and put forward suggestions on financial risk management,so as to protect the healthy and stable development of Chinese new energy automobile industry.Although the scholars at home and abroad have lots of research and exploration in terms of company’s financial risk management,most of them are mainly focus on the general enterprises and traditional automobile enterprises.It is not applicable for new energy automobile enterprises to refer to.In order to research new energy automobile company financial risk control,this article is based on traditional fuel cars and new energy vehicles,try to find the characteristics of the difference between government subsidy policy,the material price fluctuations and the main mode of form a complete set of charging facilities in financing the role of debt service,operation risk and profit,and the influence of the related reasons,which could provide strong theoretical basis for further study in future.Conclusions on the financial risk control of new energy automobile companies are as follows:(1)The government subsidy policy has no significant correlation with the financing and debt paying ability of new energy automobile enterprises;In terms of operation capacity,it has incentive effect in the short term,but in the long term,it will reduce the operation capacity of the enterprise,which is negatively correlated on the whole.In terms of profitability,it significantly improves the profitability of enterprises,and has a positive correlation.(2)The cobalt price fluctuation is correlated to the financing and debt paying ability of new energy automobile companies,and the debt paying risk will increase in the short term;In terms of operation capacity,there is no strong correlation,but the production,sales and supply of relevant enterprises are affected by the fluctuation of cobalt price market,and there are also have the potential risks of operation.In terms of profitability,there is a negative correlation and a significant impact.(3)The alliance main business model of supporting charging facilities has a certain risk impact on the financing and operation capacity of new energy automobile companies;The single profit model and low utilization rate of charging facilities make NEV related enterprises take great risks on the profitability.Based on the research conclusions,some suggestions on financial risk management of NEV companies are provided so as to improve the ability of risk resisting,and make a robust foundation on the healthy development of companies in current fierce market competition.