Journal of Applied Economics and Policy Studies
Diversified financing modes of BYD in the new energy vehicle industry
The expanding new energy vehicle industry requires manufacturers to finance R&D, capacity construction, supply chain integration and overseas operation simultaneously. This paper investigates BYD's diversified financing modes and evaluates their effects on enterprise growth, liquidity and risk control. It adopts the research method combining case study, literature review, financial statement analysis and structural comparison. It also analyzes internal financing, bank loans, bond financing, equity financing, trade …