Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective
China’s new energy vehicle industry chain has strong advantages but faces risks such as rapid technological changes, global supply chain dependencies, policy volatility, and market dynamics. Properly identifying and managing these risks is essential for the industry’s sustainable development. This s...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-12-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825006203 |
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| author | Zimo Feng Haoyi Hou Jing Deng |
| author_facet | Zimo Feng Haoyi Hou Jing Deng |
| author_sort | Zimo Feng |
| collection | DOAJ |
| description | China’s new energy vehicle industry chain has strong advantages but faces risks such as rapid technological changes, global supply chain dependencies, policy volatility, and market dynamics. Properly identifying and managing these risks is essential for the industry’s sustainable development. This study addresses three main questions: how does the total risk connectedness of the NEV industry chain evolve, how do risks spread within the chain, and which companies significantly contribute to overall risk? Using the tail-event driven network risk (TENET) method and the planar maximally filtered graph (PMFG), this study reveals that risk spillovers significantly increase during some global events. Moreover, the upstream and midstream sectors are key sources of risk, with midstream companies mainly acting as absorbers of risk. The main risk transmission follows an ”upstream–middle–downstream” pathway, although this can reverse in extreme cases. Companies involved in lithium mining, diaphragm production, and battery manufacturing exhibit high systemic risk contributions, marking them as critical nodes in the supply chain. The paper concludes with targeted policy recommendations to support the NEV industry’s sustainable growth and ensure the safety of its supply chain. |
| format | Article |
| id | doaj-art-3b7d4ebbd9cb49d69f258347b7658b86 |
| institution | Kabale University |
| issn | 2666-1888 |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-3b7d4ebbd9cb49d69f258347b7658b862025-08-20T03:40:24ZengElsevierSustainable Futures2666-18882025-12-011010105610.1016/j.sftr.2025.101056Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspectiveZimo Feng0Haoyi Hou1Jing Deng2School of Economics and Management, Beijing Forestry University, Beijing 100083, ChinaSchool of Economics and Management, Beijing Forestry University, Beijing 100083, ChinaCorresponding author.; School of Economics and Management, Beijing Forestry University, Beijing 100083, ChinaChina’s new energy vehicle industry chain has strong advantages but faces risks such as rapid technological changes, global supply chain dependencies, policy volatility, and market dynamics. Properly identifying and managing these risks is essential for the industry’s sustainable development. This study addresses three main questions: how does the total risk connectedness of the NEV industry chain evolve, how do risks spread within the chain, and which companies significantly contribute to overall risk? Using the tail-event driven network risk (TENET) method and the planar maximally filtered graph (PMFG), this study reveals that risk spillovers significantly increase during some global events. Moreover, the upstream and midstream sectors are key sources of risk, with midstream companies mainly acting as absorbers of risk. The main risk transmission follows an ”upstream–middle–downstream” pathway, although this can reverse in extreme cases. Companies involved in lithium mining, diaphragm production, and battery manufacturing exhibit high systemic risk contributions, marking them as critical nodes in the supply chain. The paper concludes with targeted policy recommendations to support the NEV industry’s sustainable growth and ensure the safety of its supply chain.http://www.sciencedirect.com/science/article/pii/S2666188825006203New energy vehiclesTail riskTENETSystemic riskPMFG |
| spellingShingle | Zimo Feng Haoyi Hou Jing Deng Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective Sustainable Futures New energy vehicles Tail risk TENET Systemic risk PMFG |
| title | Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective |
| title_full | Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective |
| title_fullStr | Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective |
| title_full_unstemmed | Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective |
| title_short | Tail risk spillover, transmission path and evolution mechanism of new energy vehicle companies in China: An industry chain perspective |
| title_sort | tail risk spillover transmission path and evolution mechanism of new energy vehicle companies in china an industry chain perspective |
| topic | New energy vehicles Tail risk TENET Systemic risk PMFG |
| url | http://www.sciencedirect.com/science/article/pii/S2666188825006203 |
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