Research On The Impact Of Government Subsidies On The Performance Of New Energy Vehicle Companie

The report of the 19th CPC National Congress pointed out that enterprises should be guided to make continuous breakthroughs in key core areas with targeted,inclusive,stable and transparent government resources,increase investment in technology R&D,and gradually establish technological advantages.This points out the direction for new energy vehicle enterprises to carry out technological innovation.However,technology R&D activities have the characteristics of large investment,long cycle and high risk,which virtually brings the pressure of capital cost to enterprises.At the same time,due to the existence of positive external effects,enterprises are not willing to carry out R&D.After the implementation of the government subsidy policy,it is bound to alleviate the situation of insufficient R&D investment and weak R&D willingness of enterprises.So,as a new thing,is new energy vehicles attractive enough for end consumers? In the development process of new energy vehicle industry,what impact will government subsidies have on the enterprise performance of vehicle enterprises?Through case analysis,this thesis studies the impact path of different types of government subsidies on the performance of new energy vehicle enterprises,and hopes to provide valuable reference for new energy vehicle enterprises to make rational use of government subsidies,improve enterprise capacity and realize sustainable technological advantages.Based on this,this thesis first systematically combs the relevant literature and theories related to government subsidies and enterprise performance,and preliminarily constructs the impact path of government subsidies on the performance of new energy vehicle enterprises.Then,in the case analysis part,it studies the impact of different government subsidies on the financial performance and R&D performance of case enterprises,studies the impact of the introduction of subsidy policies on the short-term market performance of new energy vehicle enterprises with the event research method,and finally improves the impact path according to the content of the case study.Finally,it puts forward targeted suggestions for the development of new energy vehicle enterprises.Based on the results of relevant theoretical research and case analysis,this thesis draws the following conclusions:(1)the promotion and application of subsidies starts from the price subsidies for new energy vehicles and opening the new energy vehicle market,which then affects the financial performance of new energy vehicle enterprises;Its increasing subsidy threshold will also promote the improvement of enterprise R&D performance.(2)R&D subsidies help to improve the R&D performance of new energy vehicle enterprises.By improving product competitiveness,they also help to improve the financial performance of enterprises.(3)The publication of government subsidy policies will affect the market performance of enterprises.With the help of government subsidies,the R&D performance and financial performance of enterprises can be improved,and the adverse effects caused by the continuous decline of government subsidies can be resolved to a certain extent.