Comparison of the Financing Approaches for New Energy Vehicle Industry

Abstract

Contemporarily, driven by multiple factors, various new energy vehicle enterprises have developed rapidly but on the other hand. It also brings new opportunities, and various new industries rise rapidly. As new emerging enterprises, financing plays a vital role in corporation management. This paper will make a comparative analysis of various financing channels (bank loans, trust, equity financing, bond financing, venture capital, etc.). Meanwhile, in combination with the 'financing scheme selection' and 'major financing cases' of the four new energy automobile enterprises (Tesla, rivian. Lucid, NiO), the role of various financing schemes in the new energy automobile industry is studied and discussed by using the case analysis method, comparative case comparison method, literature analysis method and quantitative analysis method. The paper will give suggestions on financing channels for different new energy vehicle enterprises according to the research results. The purpose of the paper is to help the new automobile company with some advice and reference. These results shed light on guiding enterprises with different conditions to choose their own financing methods and provide financing suggestions for enterprises under different conditions.