New energy vehicle companies are at an early stage of development and have large differences in terms of technological development, market maturity and R&D costs. In this context, traditional valuation methods do not meet the requirements for valuing new energy vehicle companies. This study modified the traditional Ohlson model according to the characteristics of new energy vehicle companies, adopts DuPont's analysis system to decompose and measure several financial indicators, addresses the problem that residual returns are difficult to predict directly, and provides a reasonable and accurate valuation of new energy vehicle companies to provide investors with basis. The actual valuation will also be demonstrated with the example of BYD.
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