Analysis Of The Motivation And Effect Of Supply Chain Financing For Core Enterprises In The New Energy Vehicle Industry

At present,the era of Industry 4.0 has brought a new round of global technological revolution and industrial transformation,and the integration of automobile and transportation,energy,communication and other fields has accelerated.The new energy vehicle industry is facing opportunities for rapid growth.Mutual support and coordinated development have become inherent requirements for the development and growth of different market entities.As a leading enterprise in the new energy vehicle industry chain,core enterprises play a crucial role in the coordinated development of upstream and downstream.Therefore,considering the current development status of core enterprises in the new energy vehicle industry,studying the main motivations and effects of supply chain financing for core enterprises has important theoretical and practical significance.The thesis first reviews the relevant literature on the motivations and effects of supply chain financing both domestically and internationally,and outlines the theoretical basis of the research;Secondly,the current situation of supply chain financing in the new energy vehicle industry was investigated,and the characteristics and financing motivations of the industry’s supply chain financing were analyzed;Subsequently,a framework for analyzing the effectiveness of supply chain financing for new energy vehicle enterprises was constructed,and specific methods for analyzing and evaluating the effectiveness of supply chain financing for new energy vehicle enterprises were established.The Analytic Hierarchy Process was used to construct an evaluation system for the comprehensive effectiveness of supply chain financing for new energy vehicle enterprises;On this basis,a representative BYD company in the industry was selected as a research case to investigate its supply chain financing process.The specific motivations for SCF of BYD were analyzed in depth from both external and internal aspects of the company.At the same time,the effectiveness of SCF of BYD was evaluated through traditional financial indicators and comprehensive financing effectiveness indicators,and the problems that the company faced in the supply chain financing process were summarized.Research has found that:(1)The external motivations for core enterprises in the new energy vehicle industry to implement supply chain financing are mainly policy promotion,alleviating financing difficulties for small and medium-sized enterprises,promoting the operation of intra chain funds,and enhancing the overall competitiveness of the industry;The internal motivations mainly include improving financial performance,resolving excess credit,reducing financing costs,and revitalizing enterprise inventory.(2)After supply chain financing,its debt paying ability,profitability,operational ability,and growth ability have all increased to varying degrees.(3)comprehensive performance of BYD in implementing supply chain financing is significant,and the overall evaluation is "excellent".(4)The financial effects brought by supply chain financing are significant,but there are still some issues that need improvement.Based on this,this article combines the problems in supply chain financing and proposes targeted suggestions from the perspectives of government,core enterprises,and financial institution supervision,providing certain experience and reference for other core enterprises in this field.