Author(s)

TianChen Yang

Affiliation(s)

Shanghai University of Engineering Science, Shanghai 201620, China.

Corresponding Author

TianChen Yang

ABSTRACT

Against the strategic backdrop of the "dual carbon" goals, the new energy vehicle (NEV) industry has become a core sector driving energy transition and low-carbon development in the transportation sector. Innovation consortia, as collaborative innovation organizations integrating enterprises, universities, research institutes, and government resources, are of great significance for breaking through key generic technologies and enhancing industrial innovation capabilities. This study selects Changan Automobile as a case study, comprehensively employing case analysis and evolutionary game models to systematically investigate the internal and external challenges it faces in the process of building an NEV innovation consortium, the cooperation mechanisms it adopts, and its game strategies. By constructing a two-party game model between the enterprise and research institutions, the analysis focuses on the impact of key parameters such as total cooperation benefits and profit distribution ratios on the stability of bilateral cooperation. The findings reveal that: the increase in cooperation benefits and the fairness of the distribution mechanism are core elements for the stable operation of innovation consortia; the technology integration and resource coordination capabilities of leading enterprises play a dominant role in the consortium's effectiveness; and the design of systematic cooperation mechanisms (including benefit distribution, risk sharing, breach penalties, and communication and coordination mechanisms) constitutes an important foundation for ensuring the long-term development and sustained innovation capability of the consortium. Accordingly, this paper proposes managerial recommendations such as establishing a reasonable benefit distribution mechanism, increasing government investment in R&D, and accelerating the formation of innovation consortia, aiming to provide theoretical support and practical references for the collaborative innovation and high-quality development of China's NEV industry.

KEYWORDS

Innovation consortium; Industry-university-research collaboration; Evolutionary game theory; Collaborative innovation

CITE THIS PAPER

TianChen Yang. The development models of China’s new energy vehicle innovation consortiums: case analyses of Changan. Journal of Trends in Financial and Economics. 2026, 3(1): 11-18. DOI: https://doi.org/10.61784/jtfe3068.

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