Green Bonds Boost New Energy Vehicle Enterprises Technological Innovation and DevelopmentBYD Accelerates Battery Technology Breakthrough by Using Green Bonds

Nowadays, the new energy vehicle industry has emerged as a core engine to drive the growth of the green economy under the background of global energy transition and the "dual carbon" goals . As climate change becomes increasingly severe recently, reducing carbon emissions and developing clean energy have become a unanimous global consensus. Many countries have enacted policies to support the upgrading of industrial chains related to new energy vehicles. China, which boasts one of the largest NEV markets worldwide, is striving to achieve peak carbon emissions and carbon neutrality by innovating the batteries of new energy vehicles to enhance the competitiveness of its automotive sector. The study takes BYD as a case to conduct a holistic analysis of the importance and the developmental potential of the green bonds to substantiate that the green bond fosters the innovation of batteries in new energy vehicles, meaning that the case study method is employed throughout the research.