International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 16
Available Online: 6 December 2024
Author/s:
Han, Xiao*
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Magnaye, Remedios P.
Lyceum of the Philippines University – Batangas, Philippines
Abstract:
The study aimed to explore the relationship between the technological innovation, product development and operational efficiency in China’s new energy vehicle industry and to develop a synergistic framework for the new energy vehicle industry. This study adopted descriptive research, and used survey questionnaires as a data gathering instrument. The study selected 400 employees from 5 new energy vehicle enterprises in the Chinese market for investigation and research, including BYD, Ideal Automobile, NIO, Xiaopeng Automobile and Geely Automobile which are located in Shenzhen, Beijing, Shanghai, Guangzhou and Hangzhou. Based on the results of the study, the respondents generally agreed that technological innovation has played a crucial role in transforming the new energy vehicle in enhancing connectivity, personalization, and in-car tech features. The study revealed agreement that product development in the new energy vehicle (NEV) industry has demonstrated significant advancements in innovation, safety, and sustainability. The respondents generally agreed that the operational efficiency in the new energy vehicle (NEV) industry has significantly improved through advancements in data-driven operations, manufacturing efficiency, and service efficiency. There were high significant relationships between technological innovation, product development and operational efficiency. A synergistic framework for the new energy vehicle industry was developed.
Keywords: new energy vehicle industry framework, operational efficiency, product development, technological innovation
DOI: https://doi.org/10.5861/ijrsm.2024.1318
Cite this article:
Han, X., & Magnaye, R. P. (2024). Technological innovation, product development, and operational efficiency for new energy vehicle industry: Basis for a synergistic framework. International Journal of Research Studies in Management, 12(16), 1-12. https://doi.org/10.5861/ijrsm.2024.1318
* Corresponding Author