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Analysis of Influencing Factors in The New Energy Automobile Industry Based on Linear Regression Models

In: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

Author

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  • Peiyao Tong

    (North china electric power university, Electrical Engineering and its Automation)

Abstract

In today's world, environmental protection is being valued by more and more people. Under this circumstance, the new energy vehicle market is booming. This passage examines the impact of three influencing factors on the share prices of NIO and Tesla, two new energy vehicle companies from China and the United States, from September 2020 to April 2022. The three influencing factors are China's domestic CPI, the exchange rate of the renminbi against the US dollar and the price of Brent crude oil futures and drew the conclusion that CPI and the brent oil price both have negative impact on the stock price of NIO company. the CPI and the exchange rate between Chinese Yuan and US dollar both have negative impact on the stock price of Tesla, however, the brent oil price has positive impact on that of Tesla.

Suggested Citation

  • Peiyao Tong, 2023. "Analysis of Influencing Factors in The New Energy Automobile Industry Based on Linear Regression Models," Advances in Economics, Business and Management Research, in: Hrushikesh Mallick & Gaikar Vilas B. & Ong Tze San (ed.), Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), pages 720-730, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_82
    DOI: 10.2991/978-94-6463-098-5_82
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