Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)

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A Comparative Analysis of Financial Performance of Tesla and BYD Based on Financial Statements Ratios

Authors
Xinyue Cao1, *
1Beijing University of Technology, Chaoyang District, Beijing, China
*Corresponding author. Email: caoxinyue@emails.bjut.edu.cn
Corresponding Author
Xinyue Cao
Available Online 14 August 2025.
DOI
10.2991/978-94-6463-811-0_57How to use a DOI?
Keywords
Financial Performance Analysis; Ratio Analysis; Automotive Industry
Abstract

In recent years, with the increasing awareness of environmental protection among people, the new energy vehicle industry is gradually emerging. What investors in automotive industry concern most is how to invest in a wisdom way to reduce risks. This study intends to analyze financial performance of Tesla and BYD and give investment advice in new energy vehicle industry. Case study and comparative analysis are employed as two main methods to achieve above objectives. Liquidity ability, asset management ability, solvency ability and profitability is adopted as four main ratios to identify Tesla and BYD’s financial performance at present and their future development. Research has found that Tesla’s financial and risk situation is superior to BYD’s, and both Tesla and BYD have broad development potential in the future. This study analyzes the ratio data and operation performance of two representative companies in new energy vehicle industry and generates guiding significance for investment in the new energy vehicle industry.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
14 August 2025
ISBN
978-94-6463-811-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-811-0_57How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinyue Cao
PY  - 2025
DA  - 2025/08/14
TI  - A Comparative Analysis of Financial Performance of Tesla and BYD Based on Financial Statements Ratios
BT  - Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
PB  - Atlantis Press
SP  - 544
EP  - 559
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-811-0_57
DO  - 10.2991/978-94-6463-811-0_57
ID  - Cao2025
ER  -