Competitiveness Analysis of New Energy Vehicle Enterprises under Green Transition: A Case Study of BYD
グリーン移行下における新エネルギー車企業の競争力分析：BYDの事例研究 (AI 翻訳)
Junze Yin
🤖 gxceed AI 要約
日本語
本論文は、中国のNEV大手BYDを対象に、グリーン移行下での競争戦略を分析。垂直統合によるコスト優位性と技術優位性（コア部品自給率75%、研究開発費比率6.6%）が2023年の世界NEV市場シェア21.9%を支える一方、高負債比率（78%）や流動性リスク（流動比率0.67）が課題。EUグリーンボンド発行やESG格付け向上、バッテリーリサイクル率95%の循環経済推進など、持続可能な成長のための政策提言を行う。
English
This paper analyzes BYD's competitive strategies under green transition. Vertical integration (75% core component self-sufficiency) and high R&D spending (6.6% of revenue) drove a 21.9% global NEV market share in 2023, but a 78% debt ratio and current ratio of 0.67 pose risks. Policy recommendations include issuing EU green bonds, improving ESG ratings, advancing circular economy (95% battery recycling), and international tech collaboration to ensure sustainable growth.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本企業（トヨタ、ホンダなど）のEV戦略やGX投資の参考になる。特に、負債比率と流動性のトレードオフ、ESG評価と資金調達コストの関係は、日本の自動車メーカーがグリーン移行を進める上で示唆に富む。
In the global GX context
This case study offers insights for global automakers balancing financial health and green investment. The analysis of green bonds, ESG ratings, and supply chain finance is relevant to firms navigating transition finance and circular economy practices under frameworks like ISSB and CSRD.
👥 読者別の含意
🔬研究者:Provides a detailed case of how vertical integration and R&D intensity drive NEV competitiveness, with financial risk analysis.
🏢実務担当者:Actionable strategies: green bond issuance, supply chain finance optimization, and ESG rating improvement for lowering capital costs.
🏛政策担当者:Policy recommendations on green capital structures and international collaboration can inform industrial policy for NEV sector support.
📄 Abstract（原文）
Under the global carbon neutrality and Chinas "Dual Carbon" goals, the NEV industry encounters challenges like technological iteration, supply chain risks, and intensified international competition. This study delves into BYDs competitive strategies to uncover how firms can balance financial stability, market expansion, and technological innovation during green transitions. BYD attains cost leadership and technological dominance through vertical integration (75% core component self-sufficiency) and substantial R & D investment (6.6% of revenue in 2023), securing a 21.9% global NEV market share in 2023. However, its high debt ratio (78%) and short-term liquidity pressures (current ratio 0.67) pose constraints on long-term growth. To address these issues, policy recommendations are put forward, such as optimizing green capital structures by issuing EU green bonds, enhancing supply chain finance via extending accounts payable days, improving ESG ratings to lower financing costs, advancing circular economy practices with a 95% battery recycling rate, and engaging in international technology collaboration to alleviate geopolitical barriers. Moreover, these policies could pave the way for sustainable growth and global competitiveness of NEV firms.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.54254/2754-1169/2025.lh24926first seen 2026-05-05 19:07:22
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