R&D expenses, 2022

Huawei's automotive unit alone spent nearly half of what Tesla did on R&D.

Bar chart of R&D expenses for select automakers and Huawei's intelligent automotive solutions unit
Figures for Tesla, BYD, Bio, Li Auto, and Xpeng are drawn from company filings. Huawei annual reports do not break out R&D expenditure per business unit; the figure here is sourced from a Chinese media report, citing research from CITIC Securities.
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