摘要:This paper selects 112 listed companies in China’s a-share new energy vehicle sector from 2009 to 2018 as a research sample, and uses panel data regression analysis models to empirically test the effects of government subsidies on corporate R&D investment and corporate innovation performance. It shows that government subsidies have a significant promotion effect on enterprises R&D investment; government subsidies have a significant inhibition effect on enterprises’ innovation performance.