Research On The Impact Of China Green Credit On Innovation Efficiency Of New Energy Vehicle Enterprises

Due to the excessive consumption of resources and the destruction of the environment by mankind in the initial days of economic growth,serious problems such as lack of resources and bad weather have been caused,which have seriously reduced people’s sense of happiness.Seeking to achieve the coordinated development of ecological benefits and economic benefits has become an important topic of widespread concern at home and abroad.Promoting green development and promoting the harmonious coexistence of man and nature is one of the key objectives of economic and social growth during the 14 th Five-Year Plan period.As a typical financing method of green finance,green credit has the dual functions of financing and environmental protection to support the green and low-carbon transformation of the economy,and is an important tool for steady progression.As a significant component of the national industry,the automobile industry,the transition and growth of new energy vehicles is in line with the concept of sustainable development.As a strategic emerging enterprise,new energy vehicle enterprises meet the requirements of green credit service objects,and become one of the main service objects of green credit.As a new financing tool,green credit has played an significant role in affecting the innovation efficiency of new energy vehicle enterprises.to an effect that cannot be ignored.The research on the impact of green credit on the innovation efficiency of new energy vehicle enterprises is meaningful not only in theory but also in practice,and deserves further research.This paper takes the relational theories of green credit and innovation efficiency of new energy vehicle companies as the research foundation,through a comprehensive analysis of the current status of green credit and innovation efficiency of new energy vehicle companies,based on this,from capital accumulation,capital transmission and information transmission.Three levels explore the impact of green credit on the innovation efficiency of new energy vehicle companies.In view of the above research thinking,this paper chooses BYD,a new energy vehicle enterprise,as a case to analyze the current situation of BYD’s green credit and innovation efficiency,and find out the problems existing in BYD’s green credit to support innovation.At the same time,32 listed new energy vehicle enterprises were selected as samples for empirical analysis,and the conclusion was drawn that green credit can enhance the innovation efficiency of new energy vehicle enterprises.Finally,for the government,financial institutions and new energy vehicle companies,the government should increase and improve green credit policies and innovate new energy vehicle industry policies,financial institutions should enhance green credit policies and strengthen risk management,and new energy vehicle companies should make good use of green Credit policy support and other suggestions.