Analysis of BYD New Energy Vehicle Cost Management Strategy

Research Article
Open access

Analysis of BYD New Energy Vehicle Cost Management Strategy

Jiatao Yang 1*
  • 1 Shanghai Experimental School    
  • *corresponding author 15900849639@163.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/21/20230279
AEMPS Vol.21
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-85-0
ISBN (Online): 978-1-915371-86-7

Abstract

Under the new development concept and "dual carbon", in line with the concept of green and environmental protection, in order to achieve the goal of "carbon neutrality", the development direction of China's automobile industry has gradually shifted from traditional vehicles to new energy vehicles. The government has issued a series of new energy policy support to vigorously develop the new energy industry, and domestic new energy vehicles have quickly entered the world vision. This paper takes BYD's new energy vehicles as the research object. Through the research on the value chain analysis tools and its cost management, it finds that BYD has excessive vertical integration, insufficient research and development efforts, and cost management haven’t adapt to the economic environment. In view of the above problems, it comes to the conclusion that the supply chain should be optimized and improved, targeted research and development efforts should be increased, and cost management data should be improved.

Keywords:

BYD, value chain, cost management, enterprise strategy

Yang,J. (2023). Analysis of BYD New Energy Vehicle Cost Management Strategy. Advances in Economics, Management and Political Sciences,21,393-398.
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References

[1]. Hongjun Lei. Re analysis of the current situation, characteristics and development trend of China's new energy vehicles [J]. Electric Bicycle, (1): 23-27 (2020).

[2]. Tongyao Hao. Research on Strategic Cost Management of BYD New Energy Vehicles [J]. Hebei Enterprise, (07): 59-61 (2022).

[3]. Ziyu Liu, Research on strategic cost management of BYD new energy vehicles based on value chain [D]. Heilongjiang University (2021).

[4]. Yuehua Ma, Ningning Song. Research on Strategic Cost Management in the Automotive Industry -- Taking BYD as an Example [J]. China Management Informatization, 25 (09): 44-46 (2022).

[5]. Ma Wei. Analysis on the Strategic Cost Management of New Energy Vehicle BYD [J]. Times Auto, (10): 72-73 (2021).

[6]. Dong Wei, Research on the Development Strategy of BYD New Energy Vehicles [D]. Yanbian University (2022).

[7]. Luyi Li, Research on strategic cost management of new energy vehicle manufacturing enterprises under the "dual carbon" goal [D]. Southwestern University of Finance and Economics (2022).

[8]. Jiamin Chen. Analysis on Strategic Cost Management of New Energy Vehicle Enterprises -- Taking BYD as an Example [J]. China Management Informatization, 24 (09): 65-67 (2021).

Cite this article

Yang,J. (2023). Analysis of BYD New Energy Vehicle Cost Management Strategy. Advances in Economics, Management and Political Sciences,21,393-398.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-85-0(Print) / 978-1-915371-86-7(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.21
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Hongjun Lei. Re analysis of the current situation, characteristics and development trend of China's new energy vehicles [J]. Electric Bicycle, (1): 23-27 (2020).

[2]. Tongyao Hao. Research on Strategic Cost Management of BYD New Energy Vehicles [J]. Hebei Enterprise, (07): 59-61 (2022).

[3]. Ziyu Liu, Research on strategic cost management of BYD new energy vehicles based on value chain [D]. Heilongjiang University (2021).

[4]. Yuehua Ma, Ningning Song. Research on Strategic Cost Management in the Automotive Industry -- Taking BYD as an Example [J]. China Management Informatization, 25 (09): 44-46 (2022).

[5]. Ma Wei. Analysis on the Strategic Cost Management of New Energy Vehicle BYD [J]. Times Auto, (10): 72-73 (2021).

[6]. Dong Wei, Research on the Development Strategy of BYD New Energy Vehicles [D]. Yanbian University (2022).

[7]. Luyi Li, Research on strategic cost management of new energy vehicle manufacturing enterprises under the "dual carbon" goal [D]. Southwestern University of Finance and Economics (2022).

[8]. Jiamin Chen. Analysis on Strategic Cost Management of New Energy Vehicle Enterprises -- Taking BYD as an Example [J]. China Management Informatization, 24 (09): 65-67 (2021).

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