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Research on the Factors and Impacts on BYD’s Growth in New Energy Vehicle Sales
- 1 Fairmont Preparatory Academy, Anaheim, 92801, United States
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Abstract
In the context of the increasingly severe global energy crisis and environmental issues, new energy vehicles have gradually become a sustainable transportation solution and a development trend in the automotive industry. Against this backdrop, BYD has attracted widespread attention with its outstanding performance in the field of new energy vehicles. As a globally influential company, BYD has been committed to research and innovation in new energy technology. After years of relentless efforts, it has achieved significant success in the field of new energy vehicles. This study aims to explore in depth the reasons behind BYD's increasing sales after successfully manufacturing new energy vehicles. It focuses on analyzing where the significant advantages of new energy vehicles lie by conducting a detailed comparison of BYD's advantages and sales volume analysis, as well as comprehensively analyzing relevant research findings from various aspects such as domestic and international markets for new energy vehicles, consumer behavior, and policy influences. This research is of great significance. On one hand, it helps deepen understanding of the development dynamics and trends in the new energy vehicle industry, providing useful references for other companies; on the other hand, it provides a decision-making basis for policymakers to better promote the development of the new energy vehicle industry and optimize energy structure while protecting the environment. The ultimate conclusion drawn from this study is that BYD's sales growth benefits from practical characteristics and cost-effectiveness of new energy vehicles, while subsidies for these vehicles also play an important role.
Keywords
BYD, New energy vehicles, Market demand, Technological innovation, Consumer behavior
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Cite this article
Qian,X. (2025). Research on the Factors and Impacts on BYD’s Growth in New Energy Vehicle Sales. Applied and Computational Engineering,140,1-6.
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Volume title: Proceedings of the 3rd International Conference on Mechatronics and Smart Systems
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