The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future

Qi Zi

doi:10.54254/2754-1169/64/20231487

Research Article

Open access

Published on 28 December 2023

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Zi,Q. (2023). The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future. Advances in Economics, Management and Political Sciences,64,46-51.

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The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future

Qi Zi *^,1,

¹ Soochow University

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/64/20231487

Abstract

The new energy vehicle supply chain is evolving rapidly to meet growing market demand, and innovations in battery technology, motor manufacturing, and charging infrastructure, among others, are driving progress in this sector. This paper explores the supply chain strengths of BYD, a major new energy vehicle manufacturer in China’s automobile manufacturing industry, and related issues. Through an in-depth analysis of BYD’s history, the company’s current status, and its innovative initiatives in the supply chain, the paper identifies its supply chain strengths in intelligence, sustainability, and innovation. However, some of the challenges BYD’s supply chain faces, such as delivery issues, data security risks and low collaboration with suppliers, are also raised. Finally, the paper offers some recommendations, including actively collaborating with high-quality suppliers, strengthening data processing and management capabilities, and adhering to supply chain innovation. These recommendations can guide BYD’s development and provide useful references for peer companies’ supply chain optimization.

Keywords

BYD’s supply chain, intelligence, sustainability, inspiration

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References

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Cite this article

Zi,Q. (2023). The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future. Advances in Economics, Management and Political Sciences,64,46-51.

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About volume

Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Conference website: https://2023.icftba.org/

ISBN：978-1-83558-229-9(Print) / 978-1-83558-230-5(Online)

Conference date: 8 November 2023

Editor：Javier Cifuentes-Faura

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.64

ISSN：2754-1169(Print) / 2754-1177(Online)

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