Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 64 , 28 December 2023


Open Access | Article

The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future

Qi Zi * 1
1 Soochow University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 64, 46-51
Published 28 December 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Qi Zi. The Supply Chain Advantages and Challenges of BYD in the New Energy Vehicle Industry: Implications for the Future. AEMPS (2023) Vol. 64: 46-51. DOI: 10.54254/2754-1169/64/20231487.

Abstract

The new energy vehicle supply chain is evolving rapidly to meet growing market demand, and innovations in battery technology, motor manufacturing, and charging infrastructure, among others, are driving progress in this sector. This paper explores the supply chain strengths of BYD, a major new energy vehicle manufacturer in China’s automobile manufacturing industry, and related issues. Through an in-depth analysis of BYD’s history, the company’s current status, and its innovative initiatives in the supply chain, the paper identifies its supply chain strengths in intelligence, sustainability, and innovation. However, some of the challenges BYD’s supply chain faces, such as delivery issues, data security risks and low collaboration with suppliers, are also raised. Finally, the paper offers some recommendations, including actively collaborating with high-quality suppliers, strengthening data processing and management capabilities, and adhering to supply chain innovation. These recommendations can guide BYD’s development and provide useful references for peer companies’ supply chain optimization.

Keywords

BYD’s supply chain, intelligence, sustainability, inspiration

References

1. Huang Xia. (2013) Competition of automobile enterprises wins in the supply chain. Automotive, 01, 93-94.

2. Li Xiaoxiao. (2023) Research the operation mode of the new energy vehicle supply chain under the double-cycle development pattern BYD brand as an example. Logistics Science and Technology,46(01), 132-135.

3. Wei Hongquan, Guo Xiaoguo, Zhou Renguo et al. (2023) BYD’s "overtaking". Nanfang Daily,08, B01.

4. Qiu Dekun. (2023) BYD’s first-half performance "wild ride". Shanghai Securities News, 08, 006).

5. Chen Jingbin. (2023) BYD accelerates "going overseas". China Business News, 07, C07.

6. Liu Yu, Zhang Siyu. (2023) BYD Intelligent Supply Chain Change and Optimization Strategy. Supply Chain Management,4(04), 78-85.

7. Yang Taorui,Tang Yan. (2021) On BYD’s open supply chain innovation in the context of intelligent manufacturing. National Circulation Economy,30, 18-20.

8. Ren Xiaoqiang. (2023) Research on BYD supply chain cost control under the perspective of green development. Xi’an University of Technology,2023.

9. Wang Wenmiao. (2023) Research on DV automobile enterprises’ supply chain management improvement program. Jilin University, 2023.

10. Ziyu Liu. (2021) Research on strategic cost management of BYD’s new energy automobile based on the value chain. Heilongjiang University.

11. Chen Qi. (2022) Standing at the "crossroads" of transformation of the automobile industry, how can we improve the supply chain resilience by borrowing the "stone of other mountains"? Automotive and Accessories,23, 40-41.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-229-9
ISBN (Online)
978-1-83558-230-5
Published Date
28 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/64/20231487
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated