According to the German daily Handelsblatt, BMW Group Chief Financial Officer Nicolas Peter said that BMW will further increase its research and development spending next year, accounting for 6.5% to 7% of sales.
“This is a lot of money, about 7 billion euros (about 8.3 billion US dollars), which is equivalent to the sum of R&D expenditures in 2011 and 2012.†Peter said, “In 2019, the BMW Group’s R&D expenditure will still be Keep it high."
Earlier this year, Peter has said that the BMW Group's R&D spending will increase to meet the demand for low-emission, electric vehicles and autonomous driving technologies.
BMW will invest $8.3 billion in electrification and automation in 2018
“We are constantly investing in R&D in terms of electrification, autonomous driving and 'Industry 4.0'. The standard for the R&D range is 6% of revenue, and we will spend R&D expenses according to this financial ratio. All financial indicators are It is to achieve high-speed growth while increasing R&D investment and expenses. This is the financial goal of the entire BMW Group and the entire core business segment. It has been very good to the present,†Peter said.
In 2016, BMW invested 5.16 billion euros in research and development, equivalent to 5.5% of total revenue. Because electric and hybrid vehicles are less profitable than gasoline and diesel, BMW is looking to save money by reducing the complexity of the engine and equipment mix.
Currently, BMW is developing electric vehicles, self-driving cars and connected cars, as well as cars with internal combustion engines to meet more stringent emissions tests.
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