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en.ce.cn 21 Jan, 2023 03:45 am

Spending on R&D in China hits new high--China Economic Net

1 billion yuan on basic research, a year-on-year increase of 7.58 billion yuan on R&D, representing a 130 percent increase.It was also the first time that the battery maker spent 10 billion yuan on R&D - in 2021, it had spent 7.69 billion yuan.

In the first three quarters of last year, Contemporary Amperex Technology Co Ltd, China's largest electric vehicle battery maker, spent 10.Notably,the investment in basic research continued to grow rapidly," said Li Yin, the chief NBS statistician.

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