Development analysis of domestic new energy vehicles based on 
machine learning method —— Take BYD for Example

Yan Sun; Kaiyang Zhao; Junyan Liao; Mengxin Wang

doi:10.18686/modern-management-forum.v7i12.11907

Development analysis of domestic new energy vehicles based on machine learning method —— Take BYD for Example

Yan Sun, Kaiyang Zhao, Junyan Liao, Mengxin Wang

Abstract

In view of the rapid development of new energy vehicles, the price of fuel vehicle raw materials greatly aff ected by the
world situation, and the domestic vigorous support for the development of new energy vehicles, taking BYD, a leading domestic new
energy vehicle enterprise, as an example, the principal component analysis method and cluster analysis method were used to select the most
representative 5 types of models from BYD’s 97 models. The results of this paper will help consumers choose new energy vehicle models,
help car companies improve the market competitiveness of brands, and provide opinions for the government on the formulation of new
energy policies.

Keywords

New energy; Principal component analysis; Cluster analysis

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DOI: http://dx.doi.org/10.18686/modern-management-forum.v7i12.11907

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