The Influence Of Government Subsidy On THE Financial Performance Of BYD In The "Post-subsidy Era"

Nowadays China is faced with the crisis of resource shortage deterioration.the new energy vehicle industry has received strong financial support from the Chinese government due to its energy-saving and environmental protection characteristics.Due to the disadvantages of the new energy vehicle industry,such as late start,high price and insufficient supporting facilities,government support is needed.It is very important to explore the research of government subsidy on the financial performance of their enterprises.However,from the current development of new energy vehicles,the GSP subsidy has gradually withdrawn from the market,and the era of post subsidy has officially arrived.but the current GSP government subsidy policies of the industry are gradually receding,and the new energy vehicle industry will enter the "post-subsidy" era.The paper analyzes the influence of government subsidies on new energy vehicle enterprises when the post-subsidy era comes.This paper summarizes and sorts out the relevant government subsidy policies,classifies the subsidy types,classifies the subsidy into the promotion and application subsidy,the research and development innovative subsidy and the infrastructure construction subsidy,which is convenient for in-depth analysis of its specific impact,and analyzes its mechanism of action and effect on this basis.This paper takes BYD,the leader of new energy vehicles,as a case study.Starting from the financial data of B YD in recent years,In the process of analysis,based on the background environment of the post subsidy era,this paper makes a comprehensive elaboration and analysis of the positive impact of government subsidies on the development of new energy vehicles.In the process of research,this paper first combs the government subsidy policy,divides the subsidy types,and discusses and analyzes the application-oriented subsidy and research and development-oriented subsidy,so as to facilitate in-depth analysis of its specific impact.Based on such a background environment,this paper comprehensively expounds its impact and positive value to have better financial performance after the decline of subsidies.At the same time,it also provides a reference value for new energy vehicle enterprises whether the relevant government subsidy policies are effective.