Production Of New Energy Vehicles Research Articles

Dynamic game evolution complexity of new energy and fuel vehicle manufacturers under carbon cap‐and‐trade policy

AbstractConsidering customers' preferences for low‐carbon products, the paper delves into the short‐run and long‐run repetitive game involving three oligopolistic manufacturers engaged in the production of new energy vehicles (hybrid electric vehicles [HEV] and battery electric vehicles [BEV]) and conventional fuel vehicles (FV) within the framework of a carbon cap‐and‐trade policy (CaT). In the short‐run game model, this study explores the optimal decision of oligarchic manufacturers and analyzes the efficiency of the supply chain in the context of cooperation and non‐cooperation. In the long‐run repetitive scenario, the article examines the optimal decision of the manufacturer, assuming rational economic behavior aimed at maximizing individual profits within a non‐cooperation game strategy. Finally, the paper investigates the elements that influence the efficiency of the supply chain. The results reveal that (1) fuel vehicles possess greater flexibility in adjusting parameters compared to the other vehicle types; a judicious increase in manufacturers' price adjustment parameters in the stability domain is beneficial to their respective profits and enhances the overall supply chain profitability. (2) Maintaining customers' preference for low‐carbon products within a reasonable range is crucial for the mutual benefit of all manufacturers. (3) The government needs to allocate more carbon emission limits to fuel vehicle manufacturers in order to improve supply chain efficiency.

Development of Chinas Front-End Automotive Industry in a Carbon-Neutral Environment

Carbon neutrality has a significant impact on Chinas ecological environment and sustainable economic development. In recent years, China has implemented many regulations on industries with high carbon emissions, especially onto the automotive industry. These regulations are not limited to controlling carbon emissions, relevant economic policies, and encouragement for the production of new energy vehicles. To investigate the potential factors that significantly influence the growth of the automobile sector, this article analyzes data from Chinas leading automotive industry in recent years. The findings show that the sales and carbon emissions of new energy vehicles have a significant positive correlation with the development of the automotive industry, while government subsidies have a negative correlation with the development of the automotive industry. This demonstrates the detrimental effects of carbon neutrality rules on the automobile sector, leading to the key conclusions that, from the standpoint of long-term growth, research on new energy vehicle should be prioritized.

Financial Analysis and Valuation of Tesla Inc.

As the head of the new energy vehicle industry, whether Tesla's market value is overvalued compared to the industry average, and whether the new energy vehicle market outlook is optimistic has been a hot topic. This paper firstly compares and analyzes the business performance and several financial statement indicators of Tesla and other companies involved in the production of new energy vehicles, points out the huge difference between Tesla's valuation and its performance, and secondly analyzes the reasons for the difference in Tesla's valuation through the industrial structure and strategy of Tesla, and points out that Tesla's market value hides the capital market's special premium for technological innovation industry, high threshold industry, and environmental protection energy development. Tesla's market capitalization has a special premium for technological innovation, high-threshold industries, and environmental energy development. Finally, this paper judges the considerable development potential of the new energy vehicle industry in the new era of environmental awareness and points out that it should analyze the industry with future expectations as the main indicator and view the valuation from a long-term investment perspective.

Using Game Theory to Analyze the Carbon Quota Mechanism of China in New Energy Vehicle Manufacturing Industry

In China, with the promotion of sustainable development strategy, controlling carbon emissions of manufacturing industry and promoting energy transition have become important issues. Excessive carbon has contributed to climate warming and increased the cost of environmental governance. This paper will use the approach of evolutionary game to determine the conditions to reach the optimal equilibrium point by studying the decision-making behaviors and benefits of the three main participants: government, enterprises and consumers. And this article also analyzes the efficiency of carbon quota mechanism promoting enterprise transformation. This paper finds that the introduction of carbon quota mechanism can more effectively promote the automobile manufacturing industry to invest in the research and development and production of new energy vehicles. Moreover, according to the results, this essay gives some useful advice that it is necessary to continuously improve the carbon quota mechanism and carbon trading market system and pricing of carbon quota. It is effective to promote enterprise transformation through the market elimination mechanism.

Mineral prices persistence and the development of a new energy vehicle industry in China: A fractional integration approach

In this paper we examine price persistence in a set of minerals critical for the production of new energy vehicles. We implement techniques based on fractional integration also allowing for non-linearities and structural breaks at unknown periods of time. The results show that the series are generally very persistent, with orders of integration equal to or higher than 1 in practically all cases. The only exceptions being cobalt, tin and zinc if breaks are permitted and only for a given subsample. These findings are extremely relevant to initiate a discussion about the challenges that the new energy vehicle industry faces in China. China's government has already enforced some relevant initiatives to stabilise prices, but we conclude that additional measures will be necessary considering the high degree of uncertainty of certain supply-demand factors.

Analyze The Economic and The Sustainable Environmental Impact of The Policy in The New Energy Vehicles and Lithium Battery Industry

Due to the vigorous promotion and production of new energy vehicles, the lithium battery industry is closely connected with them and also developed a lot, resulting in vertical integration. There are various new energy vehicle policies in the world that are specific to the situation of each country. Policies aim at the consumption and supply of new energy vehicles and the R & D of energy technologies such as lithium batteries can have related impact. Its positive role is to increase the output of new energy vehicles, reduce environmental pollution, encourage the progress of lithium battery research and improve the sustainable development. However, the reduction of subsidies and the improvement of selection criteria need to be in line with market conditions and the progress of relevant energy research. Excessive subsidies will also bring greater economic pressure to the country. Only by balancing economic effects and improving energy utilization can sustainable development be achieved.

Research on collaborative innovation of key common technologies in new energy vehicle industry based on digital twin technology

With the continuous innovation of technology in the automotive industry, some key technologies in the field of new energy vehicles have been incorporated into various fields. Correspondingly, the government has formulated a promotion strategy for the study of the automobile industry and has carried out key research on its automobile industry, which has greatly promoted the scale of the automobile industry in the market. By comparing the previous technology, intellectual property data and vehicle sales amount, it can be seen that the application of common technologies has affected the growth of the automobile industry. However, the overall vehicle sales are not good. There are not many companies whose automobiles enter the global market, which has outstanding features. The current problems and obstacles faced by the new energy vehicle industry are low willingness to spread, short spread paths and poor spread benefits. The biggest feature of digital twin technology is that it can dynamically simulate physical objects, and digital twin technology can dynamically simulate the automotive industry. Based on the digital twin technology, this paper studied the overall development of patent applications, the oil dependence of the automobile industry, and the production and sales of two types according to the key common technical problems encountered in the development of new energy vehicles. The results showed that the annual production of new energy vehicles has increased by 9.22%, and the annual sales has increased by 9.18%.

Production Forecast of China’s New Energy Passenger Vehicles in 2021–2023 under the Compliance of Dual-Credit Policy

The corporate average fuel consumption (CAFC) and new energy vehicle (NEV) credit policy (2021–2023) was officially released in June 2020. As a mandatory regulation for automobile manufacturers to produce new energy vehicles, its impact on the output of new energy vehicles needs to be systematically evaluated. In this study, we build an enterprise policy compliance model to simulate the dual-credit policy requirements for the production of new energy vehicles from 2021 to 2023 under different scenarios. The results show that the production of new energy vehicles from 2021 to 2023 is required to reach 1.78 to 3.97 million under different scenarios. Three factors, i.e., switching from New Europe Driving Cycle (NEDC) to World Light Vehicle Test Procedure (WLTP) fuel consumption improvement of conventional vehicles, and credit per new energy vehicle, have a more significant impact on the new energy vehicle production than others. Under the minimum guarantee scenario, a 10% change in the above three factors will lead to a 2.5%, 1.5%, and 0.5% reduction in the production requirement for new energy vehicles.

Research on the influence of new energy vehicle enterprise operation decision under the background of sharing economy

At present, China’s energy structure is mainly based on fossil fuels, which has brought serious problems such as environmental pollution, low energy efficiency and poor development quality. In the automotive industry, in order to save energy and protect the environment, many countries are actively promoting the production of new energy vehicles, optimizing the use of resources and benefits, and achieving green development. Based on the idea of sharing economy, this paper constructs a two-stage model. Considering the different quality of new energy vehicles in the two stages, optimization theory, game theory and other methods are used to study the influence of sharing behavior on enterprise operation decisions, and the following conclusions are drawn. First, in the presence of product sharing, product quality is negatively correlated with the optimal profit of the enterprise. Second, there is a negative correlation between the charging rate of the third-party platform and the optimal profit of the enterprise, and with the increase of the charging rate of the platform, the decline of the optimal profit of the enterprise is less and less. Third, when product sharing exists, the ratio of product quality in the two stages is positively correlated with the optimal profit of the enterprise.

Optimizing production of new energy vehicles with across-chain cooperation under China’s dual credit policy

New energy vehicles (NEVs) are becoming more and more prevalent for economic and environmental reasons. This paper investigates the issue of the impacts of subsidy policy and dual credit policy on NEVs and conventional vehicles (CVs) production decision from an across-chain perspective, in a co-opetitive context, where exists a CV supply chain and a NEV supply chain with two important schemes involved, i.e., government subsidies and dual credit. While previous literature has discussed government subsidies excessively, they seldom study the role of dual credit policy in promoting NEVs. To examine the differences between two schemes, a mixed integer linear programing (MILP) is utilized to develop a stylized production model for a CV supply chain and NEV supply chain system that incorporating subsidies and dual credit trading simultaneously. Using a Lagrange heuristic algorithm to provide an optimal solution regarding NEV and CV production decision as well as dual-credit trading. Simulations are performed on realistic profiles that show, (i) implementing the dual credit policy increases the profit of NEV supply chain, whereas the profit of CV supply chain and of whole supply chain system decline simultaneously, and the schedule of CVs/NEVs without across-chain cooperation is arranged more evenly than that with across-chain cooperation during the transit period to NEVs. Meanwhile, (ii) under dual credit policy, gradually-decreasing subsidies can partially offset the negative impacts of dual credit policy on the NEV supply chain, the subsidies can only serve as a temporary supplement to profits. In addition, (iii) there exists an optimal NEV credit price p∗ to maximize the overall profit of the whole system, and a corresponding threshold value of p∗ for two categories of cars, when above the threshold, the per-CV profit outperforms the per-NEV one and vice versa.

Empirical Research on the Relationship between Social Responsibility and Enterprise Performance of New Energy Automobile Enterprises in China

In China, new energy auto companies are important strategic emerging industries that promote the sustainable development of Chinese economy. They are also the important breakthrough for the auto industry to cope with energy security, climate change, environmental protection and structural upgrading. Therefore, we intend to objectively analyse the relationship between corporate social responsibility and corporate performance in different periods of the enterprise. Based on the characteristics of the new energy automobile industry and related stakeholders, the social responsibility of new energy vehicle companies refers to the responsibility of all enterprises engaged in the manufacture and production of new energy vehicles to all stakeholders. We select 103 observations from 2013 to 2017, construct a panel data model between social responsibility and financial performance and market performance, and use the Stata software to perform Pearson correlation on each variable of 103 sample data from 2013 to 2017. The irrelevant estimation method is used to estimate. The regression equation results show that the current corporate social responsibility has a positive impact on the later enterprise performance. And the current financial performance has a positive impact on the later corporate social responsibility. We find that there is a synergistic relationship between social responsibility performance and corporate performance of new energy vehicle companies in China.

Strategic Choices of China’s New Energy Vehicle Industry: An Analysis Based on ANP and SWOT

This goal of this paper is to provide a framework by which China should accelerate the development and production of new energy vehicles, which should effectively address current energy and environmental pressures, while promoting the sustainable development of the automotive industry, which is an urgent task. In addition, this paper provides guidelines that seek to transform China’s auto industry while developing a new economic growth point to gain an international competitive advantage with strategic initiatives. This study aims to provide an ANP-SWOT (Analytic Network Process and Strength-Weakness-Opportunity-Threat analysis) approach for an interdependency analysis and to prioritize the new energy automobile industry in China. Firstly, a SWOT model is used to analyze the internal and external factors surrounding the development of the new energy automobile industry in China. Secondly, four types of development strategies are proposed by means of the SWOT matrix according to the conclusions of the factor analysis. Finally, the ANP network structure is designed to measure the effects of influential sub-factors, and then to define a strategic plan for China’s new energy automobile industry. The results of this study show that the optimal short-term development strategy for China’s new energy automotive industry is to increase the construction of new energy vehicle-related facilities, while the best long-term development strategy is to use local advantages and resources, through cost control measures which increase competition within the local new energy automotive industry.

Design and Simulation of Permanent Synchronous Drive Motor for Electric Vehicle

Electric vehicle (EV) is the greatest potential production of new energy vehicles. It plays a very important role in the area of energy conservation and reduction of pollutant emissions. In order to accelerate EV industrialization, the paper proposed a motor design method,which need to combine the automobile theory with the design permanent machine (PM). The paper considered the vehicle’s dynamic parameters, defined the motor’s basic parameters and designed the dimensions of electromagnetic structure, and then analyzed the field of the motor using finite element method (FEM). The paper firstly presents that drive motor’s design should consider two respects: one is the vehicle and another is the drive motor. In view of length of paper, only the no-load field analysis was proposed in this paper. The effectiveness of the proposed method is verified by the analysis results.