Research On The Impact Of Innovation Ability Of Chinese New Energy Vehicle Enterprises On Their Internationalization

With the increasing awareness of environmental protection and energy issues,new energy vehicles have gradually become a hot field in the automotive industry.After more than ten years of growth,China’s new energy vehicle enterprises have developed rapidly.The enterprise’s R&D investment continues to increase,its R&D output continues to improve,and its innovation ability has greatly enhanced.In particular,the emerging car building forces are growing rapidly,and the domestic market competition is exceptionally fierce.Many new energy vehicle companies have begun to target overseas markets and participate in international competition.However,globally,new energy vehicle companies are facing increasing global competition while expanding overseas.Therefore,Chinese new energy vehicle companies must establish independent research and development strategies,and improve the strength of independent innovation.Therefore,when designing and adjusting internationalization strategies,Chinese new energy vehicle manufacturers need to deeply understand the characteristics of their internationalization and the role of their company’s technological level in their internationalization.This paper selects Chinese new energy vehicle companies with strong innovation capabilities as the research object to explore the impact of China’s new energy vehicle companies’ innovation capabilities on their internationalization,hoping to provide some useful suggestions and lessons for similar companies.This article selects new energy vehicle companies listed in Shenzhen and Shanghai as research objects to explore the impact of their innovation capabilities on their internationalization and its mechanism.Firstly,the paper summarizes the literature on innovation and internationalization at home and abroad,and summarizes the literature on innovation and internationalization at home and abroad.Secondly,based on summarizing and sorting out the relationship between the innovation capabilities of listed companies of new energy vehicles in China and their internationalization,this paper summarizes and discusses the theoretical perspective and mechanism of the impact of innovation capabilities on their internationalization in this article,laying a solid theoretical foundation for the subsequent empirical part.It defines the concepts of innovation capability and enterprise internationalization,laying the foundation for theoretical analysis from the perspectives of competitive advantage theory,heterogeneous enterprise trade theory,technological innovation theory,and monopoly advantage theory.It also summarizes the mechanism through the advantages of knowledge assets,economies of scale,R&D cost sharing effects,and sustainable differentiation.In addition,this article analyzes the current situation of innovation and internationalization of China’s new energy vehicle enterprises.An overview is given of the scale of China’s new energy vehicle market,the development status of China’s new energy vehicle enterprises,infrastructure construction,and policy environment.At the same time,it also analyzes the innovation input,innovation output,and international operation status of China’s new energy vehicle enterprises.Then,this article uses the data of 10 new energy vehicle listed companies from 2012 to 2021 to establish a fixed effect model,and uses variable substitution to test the regression results.From the results,it can be seen that the innovation ability of new energy vehicle companies can promote their internationalization,and the regression results are tested through stability recommendations.Finally,this article summarizes the contents of the study and concludes that the innovation capabilities of Chinese new energy vehicle companies have had a significant impact on their internationalization,and provides corresponding suggestions from the government and enterprises respectively.