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Study the Influencing Factors of New Energy Vehicle Industry Stocks Based on Linear Regression Model

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DOI: 10.23977/ICHEME2022.005


Ninghan Xie

Corresponding Author

Ninghan Xie


The new energy vehicle industry has become the focus of the investment community. The development of new energy vehicles cannot be separated from policy support, public awareness of environmental protection and the inevitability of sustainable social development. In this paper, we analyze the factors influencing the share price of new energy vehicles in terms of policy, technology, and general environment. This paper uses a multiple linear regression model to analyze the reasons for the changes in the share prices of new energy vehicles by analyzing the average monthly closing prices of Tesla and BYD, the exchange rate of the people against the U.S. dollar, and the changes in the CPI indices of China and the U.S. The data analysis revealed that the products produced by Chinese new energy vehicle companies tend to be domestic products due to the rising exchange rate in China. Due to the low price of domestic new energy vehicles, people tend to buy Chinese new energy vehicle brands under the background of inflation.


Linear regression, New energy vehicle, Stock, Tesla, BYD

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