Research on Debt Financing Strategy of New Energy Vehicle Enterprises: Taking BYD Company as an Example

Abstract

With the rise of the new energy vehicle industry, the demand in the automotive market has increased dramatically. As a leading company in the new energy vehicle industry, Byd Company Limited (BYD) ranks among the top in the world in terms of sales and has good development prospects. However, there are still uncertainties in the recovery of the global economy, the normal operation of auto companies is affected. In recent years, BYD's debt costs are increasing year by year, but its debt capacity has not improved significantly. The rational use of working capital, optimization of debt structure, improvement of debt capacity, and prevention of debt risks are urgent tasks. This paper adopts the methods of literature review, case study and data analysis, based on the debt maturity structure theory, to analyze the debt structure, debt capacity and debt risk of BYD Company. It is of great significance for the current new energy vehicle enterprises to carry out debt financing.