GS Zhou
SENIOR MEMBER
- Joined
- Oct 10, 2015
- Messages
- 2,455
- Reaction score
- 5
- Country
- Location
Germany is no doubtfully spending a lot on automotive engineering, no one denies this. But that does not mean China is spending that less on R&D as you stated.fourth place comes China with €5.4 billion, or just one tenth of the EU’s annual spending.(12-2018)
China's automotive industry R&D spending 2018 is about 131.2 billion yuan, or 19 billion USD. See the table below. And this is the spending by the industrial enterprise, i.e. the spending by the government-owned research institutions or universities is NOT in yet.