Tesla and BYD Comparison Analysis

Research Article
Open access

Tesla and BYD Comparison Analysis

Yao Cheng 1*
  • 1 Beijing Normal University - Hong Kong Baptist University United International College    
  • *corresponding author r130024032@mail.uic.edu.cn
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/38/20231917
AEMPS Vol.38
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-097-4
ISBN (Online): 978-1-83558-098-1

Abstract

After centuries of development, the world automotive industry is embracing a new wave of low-carbon transformation. The world is now facing a shortage of oil and energy and air pollution. In this context, clean energy has become the main development concept of the industry to replace fuel energy. This paper takes Tesla and BYD, the giants of the new energy vehicle industry, as an example, provides a comparative analysis of their products, profits, and R&D perspectives, and uses ratio analysis to analyze the two companies for investment purposes. The study found that Tesla has stronger profitability and higher international recognition. BYD is the second-largest new energy vehicle manufacturer in the world due to its rapid growth in battery innovation. Tesla and BYD have good prospects for future growth. Tesla and BYD are facing new opportunities and challenges in the new energy vehicle industry, which is currently gaining momentum.

Keywords:

new energy industry, BYD, Tesla, value investment

Cheng,Y. (2023). Tesla and BYD Comparison Analysis. Advances in Economics, Management and Political Sciences,38,225-232.
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References

[1]. Long Z, Axsen J, Miller I, et al. What does Tesla mean to car buyers? Exploring the role of automotive brands in perceptions of battery electric vehicles[J]. Transportation Research Part A: Policy and Practice, 2019, 129.

[2]. Dolbec P Y, Fischer E. Changing Markets by Triggering Socio-Cognitive Transformations: How Tesla Boosted the Electric Car Market[C]// AMA Winter Academic Conference. 2019.

[3]. Lehtinen P. The advancement of electric vehicles - case: Tesla Motors. Disruptive technology requiring systemic innovating[J]. 2015.

[4]. Wang H, Zhang Y. Cloud Innovation: New Development Model for New Energy Automobile Industry——Based on BYD New Energy Automobile Industry[J]. Science and Technology Management Research, 2015.

[5]. Huckman R S, Maccormack A D. BYD Company, Ltd.[J]. Harvard Business School Case, 2006.

[6]. Pneva A. Chinese Consumers' Attitude Toward Electric Vehicles in the Case of BYD Company [D]. Sun Yat-sen University, 2010.

[7]. Gyrfi E I. How Can China Become A World Leader in Electric Vehicle Promotion: A Case Study of BYD.

[8]. Zhang J. R&D for Environmental Innovation and Supportive Policy: The Implications for New Energy Automobile Industry in China[J]. Energy Procedia, 2011, 5(1):1003-1007.

[9]. Guo-Hu X U. Impact Factors of Purchase Decision of New Energy Automobile[J]. China Population, Resources and Environment, 2010.

[10]. Zhang Z, Zhao F. The comparative study on the development strategies of the new energy automobile industry between China and America——based on the differences in the goal orientation[J]. Studies in Science of Science, 2014.


Cite this article

Cheng,Y. (2023). Tesla and BYD Comparison Analysis. Advances in Economics, Management and Political Sciences,38,225-232.

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 7th International Conference on Economic Management and Green Development

ISBN:978-1-83558-097-4(Print) / 978-1-83558-098-1(Online)
Editor:Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.38
ISSN:2754-1169(Print) / 2754-1177(Online)

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References

[1]. Long Z, Axsen J, Miller I, et al. What does Tesla mean to car buyers? Exploring the role of automotive brands in perceptions of battery electric vehicles[J]. Transportation Research Part A: Policy and Practice, 2019, 129.

[2]. Dolbec P Y, Fischer E. Changing Markets by Triggering Socio-Cognitive Transformations: How Tesla Boosted the Electric Car Market[C]// AMA Winter Academic Conference. 2019.

[3]. Lehtinen P. The advancement of electric vehicles - case: Tesla Motors. Disruptive technology requiring systemic innovating[J]. 2015.

[4]. Wang H, Zhang Y. Cloud Innovation: New Development Model for New Energy Automobile Industry——Based on BYD New Energy Automobile Industry[J]. Science and Technology Management Research, 2015.

[5]. Huckman R S, Maccormack A D. BYD Company, Ltd.[J]. Harvard Business School Case, 2006.

[6]. Pneva A. Chinese Consumers' Attitude Toward Electric Vehicles in the Case of BYD Company [D]. Sun Yat-sen University, 2010.

[7]. Gyrfi E I. How Can China Become A World Leader in Electric Vehicle Promotion: A Case Study of BYD.

[8]. Zhang J. R&D for Environmental Innovation and Supportive Policy: The Implications for New Energy Automobile Industry in China[J]. Energy Procedia, 2011, 5(1):1003-1007.

[9]. Guo-Hu X U. Impact Factors of Purchase Decision of New Energy Automobile[J]. China Population, Resources and Environment, 2010.

[10]. Zhang Z, Zhao F. The comparative study on the development strategies of the new energy automobile industry between China and America——based on the differences in the goal orientation[J]. Studies in Science of Science, 2014.