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EMEA Automotive sector - Investment in R&D | June 2021

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In this research report, we are looking at Research & Development (R&D) to assess whether and how corporate investment into this part of the business differs or matches investment in production.

According to fDi Markets, automotive investment into R&D since 2003 has totalled $17.9bn across EMEA, creating 57,000 jobs. This is significantly lower than the $250bn invested into production, creating over a million jobs, but it does represent a significant level of investment into R&D. In fact, the ACEA (European Automobile Manufacturers’ Association) claims that the automotive sector invests more in R&D in the EU than any other sector, accounting for 29% of R&D investment.

The rapid evolution of society and technology has seen manufacturers and suppliers invest in R&D to push the boundaries of innovation and design, creating safer, cleaner, more fuel-efficient, and yet more powerful and faster vehicles. Vehicles to suit an increasingly diverse global market and an increasingly carbon-neutral age.

 


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EMEA Automotive sector - Investment in R&D | June 2021

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