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NIO-SW: RMB50B+ Invested in R&D in 10 Yrs w/ 9,300 Patents
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Qu Yu, CFO of NIO-SW (09866.HK) (NIO.US), said at the 31st China Society of Automotive Engineers Congress that NIO-SW has invested over RMB50 billion in research and development (R&D) over the past 10 years, according to Chinese media. Starting from 2022, NIO-SW's annual R&D expenditure is stabilized at about RMB10 billion, with about RMB3 billion per quarter, Qu added. Currently, NIO-SW has around 11,000 engineers and a total of 9,300 patents under application and authorized globally. AAStocks Financial News |
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