Research on the Technological Innovation Investment Decisions of Traditional Automobile Enterprises under the Dual Credit Policy

Yiqing Gao ()
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Yiqing Gao: Nanjing University of Aeronautics and Astronautics, College of Economics and Management

A chapter in Proceedings of 2025 2nd International Conference on Applied Economics, Management Science and Social Development (AEMSS 2025), 2025, pp 121-127 from Springer

Abstract: Abstract China’s government has introduced Dual Credit Policy to promote the green transformation of the automobile industry, and in August 2023, a new Credit Pool mechanism was added. This paper focuses on the impact of the Credit Pool on the investment decision of traditional automobile enterprises. The study finds that the increase in the trading price of credit prompts enterprises to increase R&D investment and production of new energy vehicles. Changes in the storage price of the Credit Pool and the R&D input coefficient of new energy vehicles affect the allocation of resources between traditional fuel vehicles and new energy vehicles.

Keywords: Dual Credit Policy; Credit Pool; Traditional Automobile Manufacturers; Investment Decision-making model (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-752-6_13

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DOI: 10.2991/978-94-6463-752-6_13

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