What are the advantages and disadvantages of the multinational company established by BYD New Energy Vehicle?
The multinational company established by BYD New Energy Vehicle is beneficial. In order to meet the increasing energy demand and reduce environmental pollution, the China Municipal Government clearly regards new energy vehicles as the goal of the future transformation and development of the automobile industry. With the new energy automobile enterprises from all over the world entering the international market one after another, facing the increasingly fierce international competition, China new energy automobile enterprises need to formulate innovation strategies and have strong innovation ability. BYD operates overseas, and has access to more innovative resources and leading technologies, thus improving its technological innovation capability. On the one hand, enterprises can get in touch with high-quality products, high-end manufacturing processes and advanced technologies in the international market during the export process, and transform these innovative resources into learning models for absorption, digestion, integration and improvement, so as to improve their own technical level and innovation ability.