Driven by the global energy transition and the pursuit of dual carbon goals (carbon peaking and carbon neutrality), the innovation network of the new energy vehicle (NEV) industry, composed of enterprises, universities, and research institutes, has become a key driver of sustainable industrial development. The evolution of this network is jointly shaped by both supply chain networks (SCNs) and executive networks (ENs), representing formal and informal relational structures, respectively. To systematically explore these dynamics, this study analyzes panel data from Chinese A-share-listed NEV firms covering the period 2003–2024. Employing social network analysis (SNA) and Quadratic Assignment Procedure (QAP) regression, we investigate how SCNs and ENs influence the formation and structural evolution of innovation networks. The results reveal that although all three networks exhibit sparse connectivity, they differ substantially in their structural characteristics. Moreover, both SCNs and ENs have statistically significant positive effects on innovation network development. Building on these findings, we propose an integrative policy framework to strategically enhance the innovation ecosystem of China’s NEV industry. This study not only provides practical guidance for fostering collaborative innovation but also offers theoretical insights by integrating formal and informal network perspectives, thereby advancing the understanding of multi-network interactions in complex industrial systems.
Chen et al. (Sat,) studied this question.