OneVolkswagenCarsThe debt exceeds that of EvergrandeBYDTeslawithToyotaThe scale of liabilities is as high as more than 3 trillion yuan.
VolkswagenCarsIt's globalCarsOne of the most indebted companies in the industry, as of September 30, 2023, itsTotal liabilitiesIt reached more than 3 trillion yuan. This figure surpasses that of China's EvergrandeBYDas well as world-renownedTeslawithToyota。Although the scale of the debt is large, it is also reflectedVolkswagenCarsAs globalCarsThe strength and scale of the manufacturing giants. Keeping liabilities within a reasonable range, yesVolkswagenCarsImportant issues for future development.
VolkswagenCarsThe challenge is not only the issue of debt, but also the need to improve itElectric vehiclesfield of competitiveness. Teslaand the rise of Chinese companiesBYDThe rapid development of the traditionCarsManufacturers pose a huge competitive pressure. Faced with this challenge,VolkswagenCarsIt is necessary to strengthen its own R&D capabilities and improveElectric vehiclestechnical level and increase in theNew energy vehiclesMarket input.
Toyotais world-renownedCarsOne of the manufacturers, whose debt scale is also at a high level. As of September 30, 2023ToyotaThe total liabilities are about more than 2 trillion yuanTotal liabilitiesThe proportion of total assets is 6073%。Despite the large scale of the debt, butToyotaIt has remained relatively stableDebtlevel, not resulting from excessive debtOperational risk
Among them,ToyotaInNew energy vehiclesThe development of the field is relatively lagging behind. AlthoughToyotain conventional fuelsCarsIt has performed well in the field, but it still needs to be improved in terms of electrification. ToyotaCurrently yesSolid-state batteriesHigh hopes, trying to passSolid-state batteriesto achieve itElectric vehiclesBusiness breakthroughs. However,Solid-state batteriesIt will take time for commercial applications to come from Chinese companiesCATLand so onToyotaofSolid-state batteriesThere is still uncertainty about whether it will be able to take the lead.
BYDIt is one of ChinaNew energy vehiclesmanufacturers, the size of their liabilities is comparativeVolkswagenTeslawithToyotaand other international giants are smaller. As of September 30, 2023BYDThe total liabilities of the company amounted to approximately RMB482.2 billionDebt-to-asset ratiofor 7737%。Although the size of the debt is small, the proportion of debt is still high relative to the size of its assets.
BYDvigorously in recent yearsInvestmentsto expand production capacity to meet the rapidly growing market demand. AlthoughDebtLarger, butBYDIt has a strong ability to repay debtsSales revenuewithProfitsContinued growth,DebtThe risk is relatively low. According to the financial report data,BYDofSales revenuewithProfitsAll of them have maintained rapid growth, and the next few years are relatively optimistic.
Teslais a globally renownedElectric vehiclesmanufacturers, whose liabilities are smaller than those of their competitorsDebtThe risk is also relatively low. As of September 30, 2023TeslaThe total liabilities are about 39.4 billion US dollars (about 281.3 billion yuan), totalDebt-to-asset ratiofor 4199%。
TeslaBy controlDebtsize and good financial management, inElectric vehiclesThe market has been a great success. theSales revenuewithProfitsContinue to grow and become globalElectric vehiclesThe leader in the market. TeslaAt the same time, it is also continuously promoting the research and development of autonomous driving technology and actively leading the development of the industry. TeslaThe successful experience of other traditionsCarsIt is a kind of reference and inspiration for manufacturers.
InNew energy vehiclesfield, Chinese emerging companies such as:BYDand so on have a certain competitive advantage. With the help of China's huge market size and policy support, these enterprises continue to increaseNew energy vehiclesInvestment in R&D and production. In contrast, traditional European automakers have a longer R&D cycle, while Chinese companies are able to react more quickly to market trends.
ChinaNew energy vehiclesEnterprises also have certain advantages in terms of **. Due to the lower cost, ChinaElectric vehiclesManufacturers are able to turn cost advantages into competitive advantages over EuropeCarsThe cost for manufacturers is 20%-30% lower.
In general,VolkswagenToyotaFordwithBMWand other traditionsCarsManufacturers face high levels of debt, especially in theElectric vehicleslagging behind China in the field of competitionBYDand other enterprises. In contrast,TeslaofDebtSmaller scale,DebtThe risk is relatively low. ChinaNew energy vehiclesEnterprises have a strong competitive advantage, with the help of China's huge market and policy support, they are in:New energy vehiclesThe growth potential of the field is huge.