Financial Analysis on the New Energy Vehicle Industry-Taking BYD as An Example

Abstract

Under the condition of high energy consumption and high pollution in the traditional fossil-fuelled cars industry, new energy vehicles are not only energy-saving but low-pollution and easy to operate, which is the most ideal choice for the majority of consumers. This paper will start with BYD, the leading enterprise in the new energy vehicle industry in China, to deeply explore its development advantages and disadvantages through the financial analysis of its annual report and study the development status of China's new energy vehicle industry.