Investment Income Analysis of Automobile Enterprises Entering the Commercial Vehicles Field of Hydrogen Fuel Cell

DOI

10.2991/978-94-6463-056-5_40How to use a DOI?

Keywords

New energy vehicles; Hydrogen fuel cell; Investment income analysis; Dynamic analysis method; Market comparison method; Optimistic estimate

Abstract

Hydrogen energy is known as the ultimate solution of energy and has broad application prospects; Hydrogen fuel cell vehicle is favoured because of its short charging time, clean and environmental protection, high energy conversion rate and rich sources; However, at present, its development is hindered by expensive raw materials, high cost of hydrogen production, few hydrogenation stations and immature technologies. Taking the traditional automobile enterprises involved in Commercial Vehicles of Hydrogen Fuel Cell (CV-HFC) as an example, based on the financial data of mainstream listed automobile enterprises, the paper uses the market comparison and average methods to predict the long-term investment income of the example automobile enterprise in this field through the indicators of Net Present Value (NPV), Internal Rate of Return (IRR) and Dynamic Payback Period of Investments (DPPI). The results show that: (1) The DPPI of automobile enterprises with general comprehensive strength, market reputation and brand value in this field is long (more than 17 years) and the risk is high; (2) Automobile enterprises with strong strength, accumulated technologies and good market share have a relatively short investment cycle in this field (it also takes about 14 years), but their long-term investment income is well, which provides a valuable reference for relevant enterprises to invest in hydrogen fuel cell vehicle projects.

Copyright

© 2023 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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TY  - CONF
AU  - Shuai Yuan
PY  - 2022
DA  - 2022/12/29
TI  - Investment Income Analysis of Automobile Enterprises Entering the Commercial Vehicles Field of Hydrogen Fuel Cell
BT  - Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
PB  - Atlantis Press
SP  - 279
EP  - 285
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-056-5_40
DO  - 10.2991/978-94-6463-056-5_40
ID  - Yuan2022
ER  -