The evolving national technological innovation modes: evidence from new energy vehicle industry

The new energy vehicle industry has drawn the interest of international attention with the growing global demand for sustainability and reduction of carbon footprint. The growth of the New Energy Vehicle (NEV) industry is profoundly influenced by global policies aimed at driving technological innovation, meeting environmental requirements, and facilitating economic transformation. Multiple stakeholders, from policymakers to companies, from consumers to technology developers, are working together to drive the rapid growth of this industry. By analyzing research and practices from various nations and areas, insights can be gained on strategies for successfully advancing the growth of the new energy vehicle sector. From a social point of view more environmentally friendly, reducing the pollution of the traditional class of oil vehicles on the environment; from the consumer point of view, due to the fierce competition in the growth of the automotive new energy sector, the businessman will provide more tempting products to attract consumers, to promote the consumer to pick the price is more suitable for the quality of the product better, and further increase customer satisfaction. The future development of the new energy vehicle industry relies on progress on multiple fronts: policy, technology, and market. The healthy development and environmental sustainability of the industry can be more effectively promoted through international cooperation, technological innovation, and a deeper understanding of consumer needs. Policymakers need to take these factors into account to ensure that policies are both relevant to current market and technological realities and adaptable to future changes.

Given quickly the economy and society are developing, Chinese environmental problems are becoming increasingly prominent, so my country needs to carry out a green transformation of the industry. New energy vehicles are of great significance in implementing the "dual carbon" goals and promoting sustainable development. The region of the Yangtze River Delta, as the "Silicon Valley" of new energy vehicles in my country, is the core area for the development of the New Energy Vehicle (NEVs) industry. From the perspective of the market of China's NEVs industry, my country still faces realistic challenges such as resource shortages and insufficient innovation. This article examines the synergistic impact mechanism of the green transformation of the new energy vehicle sector in the Yangtze River Delta to improve economic and environmental benefits and explores how to promote the transformation and upgrading of the green industry through technological innovation. Concurrently, additional recommendations are proposed for the ecological transformation of the new energy vehicle sector.

Effect mechanism and efficiency evaluation of financial support on technological innovation in the new energy vehicles’ industrial chain

With the strengthening of international environmental and climate governance treaties, China is expected to bear more responsibilities in emissions reduction as a populous country. The new energy vehicle (NEV) industry represents a sustainable future and embodies China's commitment to low-carbon responsibilities. As a strategic sector of the national economy, the industry produces numerous mature brands venturing overseas. In 2022, the Chinese brand BYD surpassed Tesla to become the global leader in sales. How did China's new energy vehicle (NEV) industry achieve internationalization? And how did BYD stand out among them? The study takes China's new energy vehicles (NEVs) as the research object to explore the internationalization path, through quantitative analysis of changes in trade data from an industry perspective and qualitative analysis of BYD's successful internationalization strategies from the enterprise perspective. The study discovers the significant role played by Belt and Road countries in this process, has a deeper understanding of the industry's internationalization process through BYD strategy, and provides valuable insights for the subsequent development of high-end green industries.

Evaluation of technology innovation efficiency for the listed NEV enterprises in China

The impact of air pollution on the stock performance: Evidence from China new energy vehicle industry

Overview of Chinese new energy vehicle industry and policy development

As a manifestation of technological innovation achievements, patents reflect the frontier of technological development in the field. The aim of this research is to investigate the spatial evolution of patent collaboration networks and cooperation activities in the Chinese new energy vehicle (NEV) industry. We hypothesize that the higher-order collaboration networks will exhibit the formation of triangle groups centered around core nodes and the emergence of key edges indicating their importance. Key organizations and partners will play a significant role in shaping the future direction of cooperative innovation. The research utilizes data on collaboration patents in the NEV industry in China and constructs higher-order interaction collaboration innovation networks. The spatial evolution of networks and patent cooperation activities are examined using simplex methods. The results indicate that the generalized degree distribution of nodes and edges follows a power-law distribution. Two-dimensional simplex networks gradually form triangle clusters centered on core nodes and key edges. Large companies and research institutes prefer high-depth collaboration, while universities prefer high-breadth collaboration. Furthermore, the development of the new energy vehicle industry has gradually shifted from the eastern region to the central region. In the two-dimensional simplex network, Beijing and Jiangsu play a crucial role as key bridges in fostering stable and deep collaborations. The findings of this study shed light on the spatial evolution of patent collaboration networks and cooperation activities in the Chinese NEV industry. The identification of key organizations and partners, as well as the central positions of certain regions, provides valuable insights for innovation organizations in navigating innovation development and selecting collaboration partners.

It is of great significance to study the spatial network of the new energy vehicle (NEV) industry innovation efficiency and its factors to promote the rational allocation of innovative resources and the coordinated development of Chinese NEV industry. First, the Super Efficiency Data Envelope Analysis model is used to measure innovation efficiency in the NEV industry in Chinese provinces, and based on the results, the improved gravity model is applied to construct a spatial correlation network. Then, by applying social network analysis (SNA) to study NEV industry development node spatial correlations, we conclude that there is no overall hierarchical structure. The SNA are applied to examine spatial correlations with respect to NEV industry innovation efficiency in each province, and to analyze the role and position of each province in the spatial correlation network. Finally, the influencing factors of spatial correlation of the innovation efficiency of China’s NEV industry has been discussed. The result shows that the difference in spatial distance and R&D investment has a significant impact on the spatial correlation of the NEV industry.

In the context of global energy transition and carbon neutrality goals, the new energy vehicle (NEV) industry is experiencing rapid growth, with China emerging as the world’s leading market. At the forefront of this transformation, BYD has established itself as an industry benchmark through its vertically integrated supply chain and continuous technological innovation. This paper examines how BYD can enhance its core competitiveness through technological advancements and optimize its capital structure for long-term development, using a mixed-methods approach that integrates financial analysis, competitive landscape evaluation, and technological innovation pathways. The study highlights BYD’s strategic advantages derived from vertical integration in cost control and its comprehensive product portfolio spanning multiple market segments. By combining proprietary technologies such as hybrid systems and electric platforms with capital optimization strategies, BYD demonstrates a sustainable model for market leadership. This research contributes to refining the competitiveness analysis framework for NEV enterprises and provides valuable insights for industry stakeholders and investors navigating the evolving landscape of clean mobility.

Do government subsidies promote financial performance? Fresh evidence from China's new energy vehicle industry

ABSTRACTThis study examines regional new energy vehicle (NEV) industry efficiency across 26 Chinese provinces, addressing the need for deeper insights into the spatiotemporal efficiency patterns and configurational pathways influencing NEV development. By employing data envelopment analysis (DEA) to measure efficiency, exploratory spatial data analysis (ESDA) to explore spatial clustering, and fuzzy‐set qualitative comparative analysis (fsQCA) to investigate configuration‐based pathways, this research provides a nuanced understanding of how regional factors shape NEV efficiency. The analysis identifies four distinct configurational pathways: policy bolstering for technological innovation, organizational synergy, market dynamics and regulatory synergy, and structural deficiency type. These findings suggest that developed regions benefit from prioritizing organizational collaboration and technological support, while less‐developed areas may improve efficiency through foundational policy enhancement and regulatory alignment. Furthermore, investing in human capital, technical innovation, and infrastructure can contribute to building a resilient NEV ecosystem. By integrating multiple analytical methods, this study sheds light on the complex interactions shaping NEV efficiency across regions and offers insights for policymakers to enhance the global competitiveness and sustainability of China's NEV industry.

The sustainable development of the new energy vehicle (NEV) industry is receiving increasing attention worldwide. However, as a “catch-up” country in the automobile industry, China has made remarkable achievements in NEV industry development. To explore this phenomenon, this paper develops an “innovation-demand-policy” (IDP) framework to investigate the driving forces of sustainable development of the NEV industry from the perspective of an innovation ecosystem. Based on a comprehensive data collection and processing of interviews, patents, industry reports, and policy documents, the findings showed that technological innovation, market demand, and government policy drive NEV industry development together, and policy can play an effective role of coordination only when it follows an innovation process and market demand selection mechanism. Specifically, technological grafting, potential market demand, and supply-side policy create a minimum viable ecosystem and the embryonic form of the NEV industry. Technological breakthroughs, public demand, and demand-side policy enhance the NEV industry’s ability to grow via a platform ecosystem. Additionally, total innovation, private demand, and environmental-side policy upgrade the NEV industry through expanding and reconfiguring the innovation ecosystem. This study also provides suggestions for policymakers and industrialists to promote sustainable development of the NEV industry in the future.

As a strategic emerging industry in China, new energy vehicles (NEV) industry has developed rapidly in recent years under the strong support of national industrial policies. In order to observe the effect of financial subsidies on R & D activities of NEV companies in China, this paper cuts through the perspective of R & D intensity of enterprises. According to the micro panel data of 75 listed companies in China’s NEV industry chain from 2008 to 2016, empirical analysis shows that the financial subsidy has a positive effect on the R & D intensity of the NEV industry chain enterprises, and the financial subsidies are more obvious for the new energy vehicle core component manufacturing industry when considering the sub-sectors. In addition, some other factors that may affect China’s NEV industry have also been discussed. This puts forward some empirical evidence and policy recommendations for the direction of the country’s further subsidy policy for the promotion of NEV industry innovation.

With the gradual development of the new energy vehicle (NEV) industry, the market share and scale of enterprises continue to expand. However, supply chain and finance management have become more difficult as a result of the intricate industrial chain structure. While supply chain finance can provide financing support, the accuracy and timeliness of information transmission are difficult to guarantee. Because of its distinct security qualities, blockchain technology is becoming more and more popular in the financial industry as a significant information technology. This paper focuses on the application of blockchain technology in the supply chain finance of the new energy vehicle industry. It explores how integrating blockchain technology can improve the efficiency and reliability of supply chain finance to address information transmission issues in the NEV industry and promote the stable development of the industrial chain. The study finds that blockchain technology, with its unique security and information technology attributes, is highly compatible with the trend of intelligence and informatization in the NEV industry. By introducing blockchain technology, secure, convenient, and timely sharing of information between enterprises can be achieved, effectively integrating supply chain finance, improving its operational efficiency and reliability, and bringing numerous benefits to enterprises in the industrial chain, thus assisting the sustainable development of the NEV industry.