The Impact of the Phase-Out of New Energy Vehicle Subsidies on Corporate Performance: The Case of BYD

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dc.contributor.advisorCzeglédi, Pál
dc.contributor.authorYang, Bingxin
dc.contributor.departmentDE--Gazdaságtudományi Kar
dc.date.accessioned2025-12-18T13:56:29Z
dc.date.available2025-12-18T13:56:29Z
dc.date.created2025-10-26
dc.description.abstractGenerous policies have aided China's new-energy vehicle companies in growing since 2009, but the industry has transitioned from policy driven rivalry to market driven competition as a result of the phase out. The thesis investigates the effects of subsidy withdrawal on financial and non-financial performance using BYD Company Limited as a case study (2017–2024) and provides specific recommendations. Results indicate that although profitability was initially impacted, BYD showed remarkable resilience by offsetting a large portion of the effect through ongoing R&D and cost control. Debt-servicing capacity was momentarily pressured by rapid expansion and active financing, but enhanced product strategy and operational effectiveness converted that strain into stronger internal management. While maintaining a high level of innovation input and erecting barriers based on patents, BYD managed to prevent the accumulation of receivables, improve efficiency and cash flow, and ultimately outperform the industry as a whole. As reliance on fiscal subsidies decreases and a higher-quality, safety-focused workforce boosts competitiveness, deeper, process-integrated environmental management becomes a goal. At the same time, rapid capacity growth led to steep increases in electricity, natural gas, and water use.
dc.description.courseCommerce and Marketing
dc.description.degreeBSc/BA
dc.format.extent59 p.
dc.identifier.urihttps://hdl.handle.net/2437/401057
dc.language.isoen
dc.rights.infoHozzáférhető a 2022 decemberi felsőoktatási törvénymódosítás értelmében.
dc.subjectSubsidy phase-out
dc.subjectCorporate performance
dc.subjectEconomics
dc.subject.dspaceEconomics
dc.titleThe Impact of the Phase-Out of New Energy Vehicle Subsidies on Corporate Performance: The Case of BYD
dc.title.translatedAz újenergia-jármű támogatások kivezetésének vállalati teljesítményre gyakorolt hatása a BYD példáján keresztül
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