Green Technology Innovation Efficiency of New Energy Vehicles Based on Corporate Profitability Perspective

• Published in: World electric vehicle journal Vol. 16; no. 6; p. 311
• Main Authors: Zhu, Chunqian, Wang, Zhongshuai, Xue, Yawei
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.06.2025
• Subjects: Clean technology; Energy consumption; green technology innovation efficiency; Innovations; Manufacturing; new energy vehicle enterprises; Regional development; Regression models; Stock exchanges; super-efficiency SBM model; Sustainable development; Tobit model; Trends; China
• ISSN: 2032-6653; 2032-6653
• DOI: 10.3390/wevj16060311

In the context of global climate change and the escalating energy crisis, the development of new energy vehicles (NEVs) has become a critical strategy for China to foster green transformation and achieve its carbon neutrality goals. This study focuses on A-share-listed NEV companies in China from 2015 to 2023, specifically those listed on the Shanghai or Shenzhen Stock Exchange and subject to domestic regulatory standards and disclosure requirements. These firms were selected due to the representativeness, availability, and quantifiability of their data. A super-efficient-network SBM model based on undesirable outputs and the Malmquist index were employed to assess the static and dynamic green technology innovation efficiency of 260 NEV enterprises. Additionally, the Tobit regression model was applied to analyze the influencing factors. The findings reveal that the overall green technology innovation efficiency of Chinese NEV enterprises is relatively low and has exhibited a declining trend over the years. Furthermore, the efficiency of enterprises in the western regions surpasses that of those in the eastern and central regions. Key factors, including government support, enterprise scale, and R&D investment, significantly inhibit the green technology innovation efficiency of firms. Based on these findings, this paper recommends prioritizing the innovation of core technologies, addressing regional disparities in development, and implementing tailored policies to enhance the green technology innovation efficiency and economic performance of NEV enterprises.