T Research On Performance Of New Energy Vehicle Industry Under Government Subsidy

At the moment of rapid economic development,people’s demand for materials is increasing,the requirements for product quality are stricter,and the requirements for travel convenience are improved.Therefore,the automobile,a high-end consumer goods,has entered people’s life and become the travel tool of most families.In recent years,the output and sales volume of China’s automobile industry have been increasing,which has continuously improved the industrial scale and increased the consumption of gasoline and diesel.The following environmental resource problems such as oil resource consumption and air pollution have become prominent.Therefore,new energy vehicles came into being.In order to accelerate the development of new energy vehicles,China takes new energy vehicles as the promotion direction of the future automobile industry,and the Chinese government actively provides policy subsidy support to the industry to encourage the R &D and promotion of new energy vehicles.The government actively provides policy subsidies to the new energy vehicle industry,encourages subsidies for the R &D and promotion of new energy vehicles,and accelerates the growth and development of the industry.However,at this time,there are many problems in the new energy vehicle industry,and subsidies have become an important means for automobile enterprises to make profits.Facing such "double-edged sword" impact,it is necessary to study its impact on enterprise performance.This paper selects BYD,a typical enterprise,as the representative.Through case analysis,it first introduces the development of BYD,analyzes in detail the situation of BYD receiving government subsidies,and introduces the motivation,mode and scale of government subsidies provided by BYD;Secondly,by comparing the financial data of BYD obtained government subsidies with the financial data after deducting government subsidies,this paper analyzes the impact of government subsidies on enterprise financial performance and investment in fixed assets and intangible assets;Thirdly,analyze innovation performance from innovation input and innovation output;Finally,BYD is compared with Chang’an Automobile,which also receives government subsidies,which shows that the effect of government subsidies on the performance of new energy vehicle industry is universal.This paper emphasizes that under the background of China’s current economic structure,government subsidies have a great impact on the performance of China’s new energy vehicle industry.By studying BYD,this paper reveals how government subsidies affect the financial indicators and innovation performance of enterprises,how to help enterprises show their advantages in development,and how relevant government departments can achieve a positive impact on the development of enterprises by providing subsidies.The analysis results help external information users understand the impact of government subsidies on the performance of Listed Companies in China,and help investors invest rationally.