Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Impact of Carbon Emission Policy on the Automotive Industry

Based on the Analysis of BYD’S Financial Statements

Authors
Du Li1, *
1Westa College, Southwest University, Chongqing, 400715, China
*Corresponding author. Email: l20010605d@email.swu.edu.cn
Corresponding Author
Du Li
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_4How to use a DOI?
Keywords
Carbon emission policy; Low carbon economy; BYD; Financial indicators; Macroeconomic environment
Abstract

IN recent years, China has strictly controlled carbon emissions, aiming to establish and improve the economic system of green and low-carbon circular development and promote China's green development. Carbon emission policies can be beneficial to the automobile industry to promote the achievement of goals such as sustainable development. This study takes BYD, the automobile industry, as an example, to explain the current development situation and prospects of BYD, analyze its operating capacity, growth capacity and solvency, and discuss the impact of carbon emission policies on BYD and the automobile industry, so as to provide reference suggestions for the development of BYD under the current green development background. It is found that the carbon emission policy has more advantages than disadvantages for the automotive industry: increasing the competition in the automotive industry, solving the production capacity problem through the method of survival of the fittest, promoting the sustainable development of the automotive industry, and promoting China's automotive industry to build an international brand to a new level.Therefore, the carbon emissions policy is conducive to the growth of China's auto industry.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_4How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Du Li
PY  - 2022
DA  - 2022/12/27
TI  - Impact of Carbon Emission Policy on the Automotive Industry
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 19
EP  - 28
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_4
DO  - 10.2991/978-94-6463-052-7_4
ID  - Li2022
ER  -